It's funny (in a horrible, repressive kind of way) that NASA actually had that as their banner logo on their agency phone book a few years ago. So, if I understand it from NASA's perspective, as long as we have all races/sexes/people who claim to have sex with certain things/etc. working on something it will work very well. Inteligence has nothing to do with it.
Don't they know that diversity is the opposite of university? Universities were about bringing people together in pursuit of knowledge. E plusbus unum, means from many come one. Unity is the opposite of diversity.