> It largely feels like an excuse to lower the competitive bar to manage the demographics, allowing both more legacy hires and more representative demographics.

It doesn’t seem like a good solution to that problem. How will removing test scores as a factor help smart kids of underrepresented minority groups against dumb rich kids (with influential parents) who are too lazy to study for the SAT? It seems much better to keep the test but apply a corrective factor if you believe it’s biased against some group. It’s the only way I can think of to keep the dumb rich kids out.