The cynic in me should drink his coffee faster.
Does this mean that a bunch of students who were about to flunk out will now continue to pay tuition?
More to the point, it erases the distinction between those who worked their asses off to get a 3.7 to 4.0 GPA, and those who got below that.
Its purpose may be to allow law firms to make preferred offers to some people without risking reverse discrimination lawsuits from the current 4.0 crowd.