"...realisticly all you've done is had the students skip highschool and go straight to college."
I regret not doing this. I have talked to a couple people who have done it by taking community college classes part-time and transferring into state full-time.
I think the rest of the world's model is better than what we do. Separate those that will learn to work with their hands and those that will work with their mind and train them respectively in high-school.