I'm in the exact same position, except I'm waiting for results to come out this week to officially confirm that I've failed my degree.
It's unfair to think that I've only started getting all interested in computer stuff right after my final exams. Before that, my best effort was pulling allnighters and scraping middle-marks in everything. My morale was super low until I decided to shift my procrastination from the Daily Mail to places like this. I then started to read articles on how to be happy and how to be self-sufficient and blah blah, and amazingly I feel quite encouraged by it. I then reached the milestone of "Mebbe programming isn't so bad after all" and now I'm looking at Ruby4Kids.
I know your level's not as low as this, but I think it really helps to stop thinking about the future and just take baby steps in any direction you feel like doing. I'm not even bothering to fill in graduate job application forms because of the stupid computer-filtering thing that guarantees of my rejection anyway, but my 'plan' for the future is just keep crawling with my 'self-education' and keep eyes and ears open for ANY opportunities. As crap as the situation looks like now, I don't believe at all that I'm ungifted and because I'm not like the others chasing grades and stuff [tries to look smug] I think I've got qualities that most others don't. And failures aren't bad at all, in fact it can be a USP.
And don't think of the future too much! Opportunities are always everywhere, guaranteed :)
(now need to repeat all this to myself)