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I seriously doubt it would help you in any way whatsoever if you were to continue webmastering.
I have had the same thoughts about Upping my BSc to an MBA, but just don't see the value. Sure, if you want to go and get a job in an office, then it will be of huge help. I don't think I'll ever set foot in an office for work ever again in my life, so took the decision not to bother.
If you have that many hours available to study, hang out in some black (and white) hat forums learning the ropes, you'll make money a lot faster that way if you're smart enough. And no, GFY is neither, it's just for shits and giggles.
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