I have yet to see this, but do not doubt that it could be happening. It's intentions are good, but it just needs to be implemented differently. I think women are doing just fine right now, working to become competitive with men. Some of the handicaps given to them should start being pulled back a little. Including lower application standards, and the like.
I have one possible solution to the problem with athletic scholarships and budgets. Make the number of scholarships and operating budget available proportional to the number of athletes at the high school level competing for their prospective sports. First of all this would help make it fair as far as the amount of money given out at the collegiate level. Secondly it would give an incentive to collegiate athletes and coaches to go out and recruit athletes to participate in their prospective sports in order to increase their operating budgets. And this would in turn cause an increase in the number of females participating in sports overall. It might be necessary to provide some sort of cap on men's money in order to keep the budget from getting out of hand, but it would still be far more fair than the current system.
This is all just a thought, so keep the cursing to a minimum. If you have a thought on the issue, try and share it without resorting to the typical shouting match. If you have any logical fallicies or factual problems of mine that you would like to point out, then by all means share them.