I really can't imagine that these online degrees have any real value in the modern world of LLM-assited coding - there's no way anyone looking at a resume would think such institutional online degrees still have any value. Perhaps there is some educational value for the student, but even there the only real value is the organizational structure - you might as well form an online study group on discord for free, and get the same learning benefit, just have an LLM write up the syllabus for a course based on a good textbook, no instructor overhead needed.
I am not sure what your point is. Is it that no CS is valuable or that only certain CS degrees are valuable?
The OMSCS degree you get is equivalent to the in person one, so there is no way to make the distinction in an interview. I actually don’t see how people see that an experience like this brings no value, given the rigor of the assignments. One certainly would come out with a better knowledge of how things work, develop a better work ethic, and hopefully make some network connections on the way…