graphic calculators are useful learning tools because they allow you to sketch functions quickly, which is useful if you want to know their behaviour as part of another problem. however, over time, this does have a negative effect on your graph-sketching skills which you might need in an exam!
a lot of them do calculus, matrix operations etc, and so they are also useful for checking your answers to these kinds of problems. however used incorrectly, they can make you a very lazy maths student! (i remember getting so annoyed with 3x3 inverses at A-level that I just typed my homework problems into the calculator...shocking...)
you're not allowed graphical calculators in exams, so it's dangerous to rely on them normally.
as for uni, a graphical calculator is not essential, at least for physics anyway. mathematicians probably have even less use for them. what is useful are programs like Maple or MathCad which have much more powerful functions than a graphical calculator, and they're easier to use!