I was one of the advanced math kids and took calculus in 11th grade. Then I went on to Calc 2 in college, and it was a different league entirely. I would have been better off building a stronger foundation throughout High School and then doing Calc 1 in college.
...which is exactly what the new curriculum aims to do. I have a 6th grade daughter in SF, and the strength of the new curriculum is that they spend a lot more time making math more intuitive. Instead of learning one approach to long division, they learn multiple approaches. In theory at least, this pays off in the long run for a lot of kids.
What American schools need isn't more acceleration (Algebra at age 14 instead of 15) - it's a better understanding of what mathematics actually is and why it matters.