Speaking as a highschool freshman: yes, the education system is screwed. Partially beatable if you put in the effort outside of school - but screwed all the same. Most of the problem, as far as I've seen, is caused by all of the kids who simply don't care and aren't interested in learning. We spend a lot of time and resources trying to bring them up to the baseline, which is necessary and overshadows the need to take a small core of super-bright kids above and beyond. Of course there are GT, pre-AP, and AP classes, but those often have the same misgivings. I've wormed my way onto AP fieldtrips and sat through a few zero-hour courses, and they seem to be better depth-wise, but those are rare occasions because the teachers are generally worried about the maturity levels and such of 9th/10th graders ((which is stupid, but whatever, it's their prerogative)). So resources are limited. And while it's possible to teach yourself a LOT, you can only go so far without having a structured environment for support.
Then again, I've got a week of standardized testing to sit through next week so that might be the cause for this irritability :\
Oh, and for all of the people who say that even though they ace tests, they're failing because homework sucks: I see a LOT of this and it's completely true. But the way I see it, cutting through the crap now and taking the time to do the work - even if it's easy, and even if it's a total waste of time and effort - is worth it if it gives you the opportunity to prove that you actually know what you're talking about.