No, they just use race as one of many factors in admission. Many people in higher education act as if people of the same skin color, gender, and victimization status all think alike. Having a variety of outlooks on campus thus reduces to attaining the proper mix of officially sanctioned affirmative-action categories. One commits heresy by suggesting that individuals may have opinions that don't fit neatly into affirmative-action categories. What a silly statement.
Any institution admitting fewer people than want to attend is by definition exclusive.
The question at hand is how Colorado's state universities and colleges will exclude people, not whether they will. Universities have historically believed in the dissemination of knowledge and the dispassionate search for truth. To carry out their mission they used to insist on admitting only the best prepared applicants. Superb students who couldn't afford tuition won merit scholarships. As a result, all students were prepared to learn at a college level.