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"I worry that it could be a waste of time"

It's education. If you want to stay 20 years in this industry, you have to invest in your education. Don't worry, just do it. Solving the problems would make you a better problem solver.

"I feel that most prospective employers don't really care about that, though."

That's right. Most prospective employers don't care. Don't work for them. If you have to, read my last answer.

"In otherwords, is SICP worthy of a CV bullet point."

Yes, really good developers would appreciate the effort. Employers won't care but the senior developer taking your technical interview may appreciate it.

"I should be focusing on more practical projects before looking for a first job." Yes, you must do that. Nothing beats showing a perfectly operational website. And depending on the profile you are targeting it can be a Android game or Web game or scraper or anything. Don't worry your github profile yet. Once you start building stuff it will come alive.

You can also check out https://www.udacity.com/ for some practical courses. They are taught by awesome people and are free. All these courses focus on a project to teach you basics of computer science. And you get real world skills.

1. Building a Search Engine - Introduction to Computer Science - https://www.udacity.com/course/cs101

2. Building a HTML5 game - HTML5 Game Development - https://www.udacity.com/course/cs255

3. Building a Blog - Web Development - https://www.udacity.com/course/cs253

4. Building a Browser - Programming Languages - https://www.udacity.com/course/cs262

5. Building blocks of any non - trivial software project - Design of Computer Programs - https://www.udacity.com/course/cs212 .

All the best learning CS, building things and contributing to the world.




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