Keep in mind that we all aren't after a job, though. Well, yes we are, yet for some it isn't a priority. Besides, the skills that one would gain in researching and writing a thesis (if that happens to be the nature of the Honours system for that degree) aren't to be dismissed so easily in favour of experience. Of course, we should also remember that for many degrees/careers you are for all intents and purposes lost without an Honours year (Science research, for example), yet for others it would be the experience that you need more so than an additional year of study (a vocationalised commerce degree, for example).
You should all take an Honours year (or aim for an Honours level degree) if possible. It may well kill you in more ways than one, yet that's something that we should all experience from time to time. I'm taking an Honours year in Science, by the way.