Hi, please introduce yourself
here (it's part of the community

)
The MCTS/MCITP route is the new certification program from Microsoft for their new tehcnology dealing with 2008 and above, the MCP/MCSA/MCSE route is the certification program that deals with 2003 and below. Both are current routes.
How good is the MCTS/MCITP program? Well it depends on certain things like: whether you're working with the technology and what the MCTS/MCITP is in.
The higher Professional IT Certifications are there to reflect a persons job role and responsibilities and not to be used as a short-cut or a substitute for experience. If you do not have the relevant work experience, I would strongly recommend the A+, Network+ and the MCDST. If you do have the work experience then go for the certification that reflects what you do.
-Ken