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Though it's not going to be personally fulfilling in the same way as modern hacking, there's pretty good money to be made consulting on legacy systems.

I'll quote you: http://news.ycombinator.com/item?id=178094

:-)

lol, yeah, this is the friend. To each his own.

...but better money in transitioning them to more modern tech :)

With the job market the way it is and not having the best GPA in the world, I don't really have any other options right now. Also, I already signed a 6 month contract. So, as much as I would like to do some python coding for Google, I am kind of backed into a corner at the moment.

All the best in your ventures. I just wanted to make sure it is a conscious choice.

I should probably clarify that I have nothing against working on legacy systems and I agree that it is lucrative. I have something against COBOL though.