Sadly, I do not think it was overhyped at all- I see this all around.
Seeing it described all at once in an article sort of enhanced it, but there was nothing I could really disagree with.
I do think that AdComms have caught onto this, and try to review applications in "context".
The fact that more and more Hyper-Students are created every year make me believe that they will end up at a much wider range of colleges than HYPS. All to the good of the colleges. And maybe the HYPS mania will gradually subside a bit to include a much larger group of schools as truly elite.
The student who attend are a good part of what makes a school elite.
As long as these kids do not burn out... LOL