That is to say: I don't have the money, time, connections, nor geographical/familial luck to have been born in America or in a supportive environment and attend a "top college". Nor do I desire to throw away several years of my life and six figures to get a piece of paper from people dumber than me to say i'm as smart as they are.
In that respect, i'll take the one week of unpaid work over several years, thousands of dollars, and social/political/time barriers which are completely insurmountable to me because it puts me on equal footing with the stanford/mit/harvard graduate. If implemented well it means its more likely to have something to do merit, and i'll respect companies that have a process that at least TRIES to implement a merit based process far more even if i don't get the job.
I don't like it, but i prefer it over the alternatives...