interesting discussion.
I think the best value of my liberal arts degree was learning how to write better, think more analytically, and research. Kind of intangible stuff, but not as overtly technical or marketable as my wife's accounting degree
I play in a band with 2 guys who never went to college and there is a giant gap between the way we think and approach things. Not to say college is vital to being able to think, question, write on a higher level, but it certainly doesn't hurt!
If you can be a religion major in college (as I was, although I'm now in advertising/sales/marketing) certainly you should be able to learn about the various aspects of the UFO world. Unlike most of the ancient events that people base their entire world view around, UFO stuff is happening....... now! So it should be extremely relevant in a more intelligent open minded world.
Personally, I would try and stick to the more credible stuff and while studying the amount of bullshit (cults, mythology)is important within a cultural/sociological context of studying this stuff, I think half the battle is showing that indeed this is a legit phenomena which has a curriculum that deserves to be studied in all it's forms or else you risk preaching to the choir, which isn't that bad either. In other words, the curriculum itself would be more effective IMO if it catered to the mainstream person who doesn't know anything about this stuff but is a little bit curious and therefore is willing to give one class a shot. If there is a huge focus on the cult like/mythology aspect, that might turn people off right out of the box, but you'd have to conduct some focus groups/research to really have any idea on how to engage the mainstream!
How cool would it be to get people who were totally unaware about how deep this stuff is and get them to take a few classes and then blow their world view up to pieces, little tiny pieces once they realize this shit is going on and people are reacting or not reacting to it in totally messed up ways.
On a side note, it's strange the amount of people I've met who have seen a UFO who don't even really care or bother to follow any of this stuff, and who actually don't really believe it. I'm like, "Dude, your telling me you saw a 2,000 foot craft going 50mph over your parents house when you were a kid and it made you cry and freak out yet you have no interest or belief in this stuff? WTF?"