Reinventing Graduate Education in the Study of Religion

We spend a lot of time on the Religious Studies Project discussing Religious Studies as a discipline or field of study, what it means to study 'religion' with or without quotation marks, and what exactly it is that the critical, scholarly study of societal discourses surrounding 'religion' might have to offer. However, up until today we have never tackled head-on the institutional location of Religious Studies within a higher education environment that is becoming increasingly stretched, and dominated by market forces and political whims. In particular, how might this situation affect graduate education it the study of 'religion'?