"No it is not. All it says is that they couldn't collect money. If they sued to overturn the whole racial preferences situation and was turned down, THAT would be a blow to equal opportunity. All that happened was that they didn't get their money which happens to people everyday."
I see your point - that is a better way to look at it.
It wouldn't have bothered me if they got money except for one thing. It would only be passed on to the students anyway in terms of higher tuition. I see the society trending towards a meritocracy, something that's not really existed before till now.