Masters in ID

I was going to start a new thread on this topic but figured that it would be better to glob on to this one since I have similar questions. I too am considering grad school for ID, though my background is a bit different.

I graduated with a BFA in industrial design and worked as a designer at a start up that fizzled before moving to a POP house near my home town. I am hoping to move out of POP and work in other areas of design that I feel more passionate about. I think going back to grad school will help me focus on catching up on some of the skills I let slip through my fingers during undergrad, help me make some new connections, and get me out of my home town and back into the design world.

My question then is: Would having an MFA help “reboot” my young career? I do hope to teach design some day (though not right away), so I figure I will need to go back to school at some point anyway. Or would I be wasting time and money? Thoughts?