Done.
It's a very interesting topic and here are my thoughts...
I went to a normal state secondary school from Year 7 - 11 and we had compulsory RE in all years. This was mainly focused on learning about other religions and traditions, and the rare debate amongst the class about the existence of God (although we had equally as many debates about the subject in science class!)
However, I left after year 11 to attend a Catholic Sixth Form College (I still attend). My primary reason for attending was academic reputation rather than religion, although I appreciated the fact it could benefit my Christian faith (at the time). The requirement for the College was a religious faith so many (well, all) of my peers had some kind of religious belief. It was a generally diverse mix of religions (Hinduism, Islam, Christianity mainly). Many of them, like myself, have doubts about God and are only religious because of their parents.
At College we have compulsory RE lessons once a week, this is not for any qualification but just because of the religious nature of the College. In first year (Year 12) this was mainly traditions and other religions again which I personally (amongst others) found particularly boring. However, quite a bit further into the year the RE lessons changed from less religion to more...social issues? We had lessons (which were just really encouraging discussion, we weren't being taught much content) about equality, race, stereotypes, abortion, euthanasia...and I think it's discussing these issues which are more important than learning about ancient religious artefacts...and now in second year (year 13) we are discussing things about death, morality, atheism etc...and we are all being encouraged to think for ourselves and have our own opinions as well as hear the views of others.
Religion might teach people how to respond to things like death, creation, morality, equality, abortion etc but I think discussing these issues (with or without religion) is important in itself and should be encouraged among sixth form students. In that sense, RE is very important but students must be told to think for themselves and not necessarily believe ancient books or their parents.