Im almost finished with a degree in multimedia and I think its been great and is only going to get better. I would say go traditional art (State University art degree) if your interested in teaching (thats not to say you would be having a gallery showing of your work selling $50,000 a piece by going that route)
But I think the good thing about multimedia is the combination of art and technolgy; and there are so many avenues within the industry.
Heres my schools website
www.uat.edu
I heard FullSail is great to. ALso; depending on what you want to do getting internships to places like Skywalker Ranch are awsome ops.