My son, who's majoring in CS, is starting with 300 (junior-level) courses in both math and CS - although the departments were happy to allow him to start even deeper in the curriculum if he wanted. Another student, who collaborated with one our our math PhD instructors on some original research that's about to be published, is starting with at least one graduate math course this year (the last I heard, anyway).
Which doesn't mean such programs are useless, just that they're typically far less effective if you try to apply them to a representative slice of the overall student population.
but
> a couple of the top kids in the original cohor
Are their parents from a tight-knit immigrant community, highly educated in their previous country, with economic prospects in the US dimmed by language barrier and professional certifications that got dropped at the border?