I was shocked to discover that there were no Applied Arts at my kids' high school, everyone was being prepared for college whether they liked it or not, and my kids considered college prep as classes for dummies. It seemed like a typical modern euphemism intended to make people feel good without actually improving anything.
I feel sorry for the kids who might have enjoyed metal shop, wood shop, auto repair, graphic arts, or other applied art classes, and who would have gained skills that could bring in decent pay, but who instead drop out of the totally useless (for them) college prep classes and go into low level service jobs or become single mothers.
They still have the tracks, they just have different names. College prep is for students who likely drop out or barely graduate with no skills and be miserable, honors is for students who will likely go to a state college, and AP is for students who will likely go to University of California or a quality private school like Stanford or Cal Tech.
The only change is the names and the fate of the lowest academic track. They are the losers in the current system.