Yes it's better but still so gameable it's essentially unusable. Also if you factor in assets reported to the IRS it would be damn near impossible not to be biased towards kids whose families have more assets and thus higher chances of contributing to your university's endowment via donations.
I guess it depends what the priorities are. Are they trying to increase the university endowment, increase diversity, teach bright students, run a winning college sports team, etc.
I Dunno dude we were talking about fairness in admissions and now you're talking about the goals of colleges. I agree different colleges have different goals. I'm just saying that taking finances into consideration is so gameable that it shouldn't be a factor in a fair admissions process.