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You're right, it doesn't matter what gender you are. The imbalance of the genders in engineering is pretty skewed and we want to improve that. We think a women exclusive fellowship is a great start.

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Yet i don't see any fellowships for males who want to be nurses. Nurse practitioner is higher paid profession than engineering in regards to median salary. It also rated the #4 occupation when using job security,salary etc as the metric. I bet if you search, no one considers this gender bias a problem.

If we can't have a thing, they can't have a thing either? Weak argument. So very weak.

Uhh... is this illegal? While including sex as a weight in the decision process is fine, I think creating a "women exclusive" scholarship may be tricky. See Regents of the University of California v. Bakke. Also, the Civil Rights Act (Title VII) may come into play.

Last I looked, UC is a state funded institution. This is not.

So, no, it is not illegal and I don't see too many "women exclusive" scholarships being mentioned here.

Probably not. Consider IBM's women-only scholarship program:

The American Physical Society and IBM co-sponsor a research internship program for undergraduate women. The goal is to encourage women students to pursue graduate studies in science and engineering. -- http://www.aps.org/programs/women/scholarships/ibm/index.cfm

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