jwsiii, when I started my Discrete Math course at uni I had exactly the same thoughts. Now, when I begin to work through problems such as probability, logic, and relations, my brain thinks of everything as sets (in some form or another). What I'm trying to say is that Set Theory is very useful when dealing with finite numbers like sample spaces in probability or pigeonhole theory.
A shortlist of important stuff that requires an understanding of sets:
* Relations | Heard of reflexive, symmetric and transitive? A big section of mathematics depends on the relationship between one set of numbers to another. If a relation is all three then it is equivalent and all of a sudden you unlock a range of wonderful things! Of course all this would not be possible without set theory (How do you think you determine R, S and T in the first place?)
* Permutations & Combinations | "How many ways can six oranges and 4 apples be arranged so that no two apples are next to each other?" A common problem that can be related to many other like it. Set theory is the very foundation of permutations and combinations, without those rules that bound set theory together the above problem would be very difficult indeed!!
* Probability | Bookmakers beware! If you know set theory then probability becomes as easy as pie. Probability is all about sample spaces and these spaces are very horrible places when they become large. Set theory gives you a nice framework that cuts down the sample space making probability questions a breeze. Also lots and lots of probability theorems are structured by set theory.
* Binomial Theory | Pascal's triangle can get very big and nasty after ten or twenty iterations. So how could anyone possibly work out those binomial expansions when you have hundreds of terms? Well, set theory makes this so much easier. As I said before, the workings of set theory breaks it all down into chewable bits.
* Recurrence Relations | If only monks knew about set theory when they tried Tower of Hanoi with 60 discs!
* Graph Theory | A much more recent topic that is almost completely based on the advantages of set theory. This is very important front of mathematics giving rise to many unsolvable but extraordinarily useful problems. Travelling Salesperson problem to name one.
And this list goes on.
A very big part of advanced mathematics relies on the simple rules that set theory explains. You could regard it almost as important as calculus! (although some might not agree

)
I hope this explains some stuff.