Serendipitously timed is this posting from Joanne:
Passing Algebra II no longer shows mastery of algebra or preparation for college math, concludes a new Brown Center report, The Algebra Imperative...The public, and the universities, blame me and my colleagues for this. I didn't write these standards, and I'm not trying to force 7th graders to take teddy-bear, watered down Algebra 1 (although genuine Algebra 1 should be available for those who are capable).
It’s not just algebra either. “There is very little truth in labeling for high school Algebra I and Geometry courses,” Jack Buckley, commissioner of the National Center for Education Statistics, told Education Week.
Update, 9/13/13: I have a 2002 copy of the Entry Level Math test and, to my surprise, there are no logarithms on it! One worry down, although I'm going to check with CSU just to see if their current version has logs or not.