ETS has revamped the SAT by removing analogies and introducing an essay. From Failed Test:
If the SAT can train 3,000 scorers to judge essays with something resembling consistent criteria, Kaplan can train tens of thousands of college-bound teens to reproduce those criteria.
This criticism is flawed:
The company’s own studies show the SAT to predict a paltry 16 percent of the variance in first-year grades.
If students get into schools based on SAT scores and other factors, then the lower-scoring students who get into a school obviously have other qualities that predict success. (At least if we ignore the admissions office’s other goals…)