Nice to see a few other Teesside students around here, I'm actually on the Games Design course, just finished second year.
Yes Games History is a bit of a laugh, but it's not a core module, it's just something to give students a bit of background on the history of games. The exam at the end is really just to make sure people have turned up for lectures during the year.
The core module is 3d modeling, which requires a lot more work. Around this you can study level design and game design, or do the Games Art degree and take drawing modules.
No you can't teach artistic ability or a good sense of design, but you can refine a natural ability.
Is this degree going to get me a job? No, but it does give me the skills to work on my portfolio, which will get me a job if I'm good enough.
For some students there's also a good placement chance, there are four Teesside students that will be going to work for Bizarre this year. Thats surely not a waste of time or money.