I think if you have a degree from Oxford, Cambridge, Warwick, Kings, Birmingham, Keele, and St Andrews etc, then of course people are going to sit up and take notice, because they are in the highest ranking universities in the country.
However, that doesn't mean if you have a degree from another university, that people are going to throw your CV in the bin. As someone said further back in the thread, who would want to work for a company with that shitty attitude anyway? 'Oh they went to DeMontford university, shred the CV without even looking at it!' I mean, would anyone actually DO that? And as I said, would you want to work for them if they did have this attitude?!
An OU degree is very well respected by many decent employers, because the ability to be able to learn and study on your own is very appealing to people. I have tried home study several times in the past, and struggled to do it on my own. I do much better in a 'classroom' environment, with tutors on tap, and people around me. So personally, I have a great deal of admiration for people who do - and complete - an OU degree.
So, @EverythingRightNow - ignore the naysayers, they are talking shit.