Joanne and Kimberly have lots of coverage and interpretation of the 2003 SAT scores.
Meanwhile, University of Idaho economics professor, John T. Wenders, sends along this tidbit that helps us to keep in mind the rising cost of higher SAT scores and puts the scores in historical context.
In 1967 and 1968 total SAT scores were 1059. Last year they were 1020, and this year they were 1026. Over roughly the same period, real total expenditure per student went up 118.7% and current expenditure per student went up 125.1%. In short, scores fell while spending more than doubled in real terms.