Ours offers pullouts and acceleration for kids who have demonstrated high achievement consistently in both the classroom and in standardized tests. If the kid has high IQ but poor achievement, then the child is placed in the regular class room and has extra support to bring up the achievement level (tutoring and extra help by teachers). ours is a private school.
Pro: the kids who have the ability to perform get acceleration. the kids with 2Es who cannot perform get support and tutoring.
Con: The same material is taught to the group of high achievers no matter what their IQ level is.