I was also rejected/waitlisted from every one of my top choices.
To be honest, I'm not really sure now to respond to this article. From the point of view of a student applying to college, these "discriminations" exist pretty universally, and not just to Asians. The notion that race, gender, wealth, etc play a role in college decisions is very widespread among my classmates and peers at other schools. I don't view it as particularly bad, though, even if these colleges will never publicly admit such a thing.
College is not a completely merit based system. I think that we all like to believe that it is, but colleges also have duties outside of admitting the best students. They have to keep their alumni happy, somehow obtain outside funding, keep its population diverse enough (this is ambiguous and controversial, but I think it's a legitimate concern). Most importantly, a college also has the duty to improve society, and that's where a system like Affirmative Action comes into play. It's not perfect, but it does allow for a great deal of social mobility where society would otherwise resemble something like plutocracy. After all these considerations, there's only a fraction of each year's class that they have for purely "merit" based acceptances. And at the level that these elite colleges are at, it's almost impossible to differentiate between candidates. So this small group of accepted students is essentially random (or I like to tell myself).
There was a quote by a Yale admissions officer who lamented that he could've filled 3 identical classes with students on the waitlist.
Perhaps I'm naive, but I think that one of the benefits of our society, especially in the entrepreneurial community, is that success is ultimately the result of hard work and talent. College is not the end-all and certainly not the determinant of your future.