I'm not an expert on this stuff, but taken at face value, hyper-racism is the idea that humanity will evolve into eloi and morlocks, and is explicitly not about "black people are inferior" or anything like that.
What seem to me to be the key quotes [1]:
> The most prominent model of such a filter is found in the theory of assortative mating. [...] It is assortative mating on the basis of [socio-economic status] that has lifted it to prominence, both because it seems unquestionably to be happening, and because the implications of its happening are extreme.
> Assortative mating tends to genetic diversification. This is neither the preserved diversity of ordinary racism, still less the idealized genetic pooling of the anti-racists, but a class-structured mechanism for population diremption, on a vector towards neo-speciation. It implies the disintegration of the human species, along largely unprecedented lines, with intrinsic hierarchical consequence.
> The genetically self-filtering elite is not merely different — and becoming ever more different — it is explicitly superior according to the established criteria that allocate social status.
> That it is a consummate nightmare for anti-racism goes without question, but it is also trans-racial, infra-racial, and hyper-racial in ways that leave ‘race politics’ as a gibbering ruin in its wake.
Whilst it is clumsily reinventing ideas that have been done better a million times already in science fiction, it doesn't seem very neonazi.
[1] https://web.archive.org/web/20141007023855/http://alternativ...