Affirmative Action certainly had it's place but it is outdated at this point, and to be honest it is a racist program. I believe Colorado had a ballot initiative to get rid of it but I'm not sure if it passed or not and I don't care enough to look it up. It would be nice if programs of that ilk would go away, but I doubt they will.
Even with Obama as the President racism is still alive and well in this country unfortunately. Hell in my state over 20% of voters claimed that race was an issue for them when they cast their ballot, and over 60% of those people voted for McCain.
Hopefully one day we can say that racism is gone and that we are no longer African Americans, Asian Americans, Hispanic Americans, etc. and just all refer to ourselves as Americans.