The premise behind affirmative action is to balance out racial factors that lead to minority demographics being underrepresented, in this case in elite colleges. If some minority demographics are not underrepresented, that's great, but not obviously a reason to scrap the idea for those that are...why does it have to be all or nothing? You could argue that Asian American college attendance success is proof that there are no racial factors to balance out, but that seems silly as not every minority demographic in the US faces identical situations.