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Both are really good. But one has the edge: there's no software without hardware.
Software Engineer would probably be better, there are not may software engineers as there were back 10 years ago, even for XP OS, there were quite alot but not as many as there were for Windows 98 OS. It was all new back then and PC's were more affordable than in 1990. My first PC cost me nearly $2000 including OS Windows 3.1, Dos, Lotus 123, Wordperfect for Windows back in 1989.
As Pc's became more appealing and accessible, PC users becam e more interested in creating their own programs to which they could sell to the public.
When Microsoft did not include VB4 with XP, there was a really big outcry and eventually Microsoft caved in and dispatched updates to include it.
With Vista OS, considering that it has been around since 1999, has a big followng of programmers and software & game developers but it took about 5 years before they became available.
As for Windows 7, there are not many programmers or software developers writing for it, they are far and few between. Not many games specifically for Windows 7, you virtually have to use compatibility mode for most games, they are Vista or XP platform based.
Windows 7 has been given a big miss so it would be wise to consider programming, software development for Windows 8 platforms.
The future of computers is the 128 bit OS platform expected to be released near the year 2020.
Handhelds, console games and applications, tablets iphones etc are more of the future than any of us really want to admit to as we still like our bulky do-it-yourself desktop PC's.
Hardware Engineeer, might sound like a good idea and would be worth considering as an extra course (a Minor) however, you would also need to consider an Electronics Degree as well to implement the proper knowledge as to how things really work.

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Hi, I would like to recommend that LPU is one of the best places in India for Multimedia, Graphics, and Gaming. The faculty members are from the industry like red chilies Studios, Prime focus studios, and they have experience of more than 15 years. The multimedia department has a separate block and has well-equipped labs with dell workstations to handle high-end software like adobe after effects, Unity Maya, Cinema 4D, 3ds Max, Nuke, Fusion, Z brush, photoshop, etc. Even the department has good quality of resources like Black magic cinemas cameras, canon cameras, trolly, jib, and well-equipped special VFX studio with permanent Chroma backgrounds. Placements are also great. Companies like Amazon, rockstar games, Kony India, Xentrix studios, Lolly POP Design Studio, Xoxoday, etc. Thanks.