"though I'd want to see some data there -- there's was a recent study showing that for poor children attending preschool was a very good predictor of life success; this would seem to argue counter to your assertion"
In terms of data, here is the graph showing how SES effects achievement for school kids:
http://dl.dropbox.com/u/1655696/SES_and_school.jpg
It's a little difficult to read, but basically what you can see is that poor kids and rich kids learn roughly the same amount in school. The reason there is such a big gap is because A) there is a large gap that already exists when they get to Kindergarten and B) while rich kids are learn over the summer and get smarter, the poor kids are actually forgetting what they've learned the previous year.
If you want to learn about why there is already a 2 year gap before the kids get to kindergarten, you should read the book Meaningful Differences In The Everyday Experience of Young American Children.
The finding about within school differences vs. between school differences comes from the Coleman report, which is one of the largest social surveys ever conducted, and still one of the most important to date. I also have a blog post here explaining a bit about why within school differences are important:
http://alexkrupp.typepad.com/sensemaking/2009/02/the-most-im...
If I remember correctly efficacy of preschool is mixed, and it depends a lot on the type of preschool. However, even the best preschools can never be as effective as good parenting at imparting language schools, for reasons that the Meaningful Difference book explains. (However, preschools may be good for other reasons.)