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Also, since all potential HYP applicants are prob gonna apply early for Yale, since H and P have discontinued theirs, would the supposed early action advantage for Yale be moot?
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Oh, I wouldn't say that. Remember that Stanford still has SCEA too. Stanford received 4644 SCEA applicants for 2011...more than Harvard (4008), Princeton (2276), and Yale (3594).
Stanford and Yale will obviously have spiked levels of SCEA applications, but the admit rates would likely be higher than RD admit rates even so. For the class of 2011, the
SCEA and RD admit rates at Yale were 19.7% and 6.42%, respectively. Even if the SCEA pool at Yale doubled, the SCEA admit rate would probably be higher than the RD admit rate.
That said, the ED admit rate at Williams last year was 40.7%. Much more favorable odds. SAT scores are "very important" at Williams, as are your transcript/GPA, recommendation(s), and essay.