I was not personally a legacy admit to my college (so no skin in the game really), but fwiw I don't think it's an entirely illegitimate thing to select for. most schools have their own distinct culture and consider that an important thing to preserve. I imagine families that try to send their children to a specific school over multiple generations probably feel a stronger connection to that school than the typical graduate, so putting a thumb on the scale to help them seems like an approach that could work.
if anything, I'm more upset about how recruiting for college sports works.