Yes. This seems like a way to remove the liability away fro m the university, and therefore, the university doesn't have to give predominantly Asian applicants a poor "personality rating" to affect their application. This new way could be more fair though, for instance, it could rate an Asian applicant growing up in a tougher area higher than one that went to Phillips Exeter.

Potentially, there could be ways to game this too, such as parent's of private school students renting an apartment in a dangerous neighborhood, and using that address as the application address. Overall, it seems at least as an improvement over the dart on a dartboard approach colleges have taken to measure adversity or hardship.