Maybe a little bit underpaid.
I look at my school's salary reports for 4 your degree; updated for 2008-2009. For computer engineering, the average reported salary is $60k. I make a little more than that but I've been out of school working for 1 year. Granted the sample size is small, and for all of these, I'd guess the students with good jobs lined up are more likely to report them. But still, the lowest reported salary for computer engineering is $53k! Dang chemical engineers average with a BS is $67k!
And while I went to a decent engineering school (Michigan Tech) it is nowhere near high ranked around the country.
Surprisingly, the numbers reported for 2008-2009 are just about identical to those when I graduated in 2007-2008. You would've thought that salaries would dropped due to the recession, but they are at least as high. The numbers reported have went down, but I couldn't draw any conclusion about that until 2010 when all numbers to report would have been reported.