Developer Certification
Yes, it is still out there! And in these economic times, education is the one sure investment.
All developers seeking certification on .NET typically start with exam 70-536, then after that, the steps are from "Technology Specialist" to "Professional Developer" on a per-topic basis. For example, TS on Web development followed by PD on Web development.
See attached for more details on the individual TS and PD certifications.