How practical is Automata Theory?
Ever used a tool like grep/awk/sed? Regular expressions form the heart of these tools.
You'll be surprised how much coding you can avoid by principled use of regular expressions - in "practical projects", like an email server.
If you're a CS major, you'll definitely be writing a compiler/interpreter for a (at least a small) language. If you've ever tried this task before and got stuck, you'll appreciate how much a little theory (aka context free grammars) can help you. This theory has made a once impossible task into something that can be completed over a weekend. (And it won the inventor a Turing award - google BNF).
If you're a CS major, at some point, you need to sit back and think about the philosophical foundations of computing, and not just about how cool the next version of the Android API is. On a related note, it is the job of the university not to prepare you for the next 5 years of your life, but to prepare you for the next 50. The only thing they can do in this regard is to help you think - think of automata theory as one of those courses.