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Please suggest a program/college for me


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I'm from India and I have a 4 years bachelor's engineering degree in computers and I'm thinking of doing a graduate degree now. I have over two years of experience and currently work in a well known web 2.0 startup. I'm basically interested in new media, technology, design, electronics, algorithm design etc. My friends are suggesting that I go for an MBA or a M.S in Management Information System(MIS), but I dont think either of those two will really interest me and besides I don't want to end up as a "suit". I'd be really glad if anyone can help me figure out a course considering my above mentioned interested.Thanks.

P.S. I looked at the MAS progam from Media Lab @ MIT and its exactly what I want, but I heard the acceptance rate is as low as 12%. Is it really hard to get into Media Lab?

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