Random House defines "fetish" as: "any object, idea, etc., eliciting unquestioning reverence or devotion."
Joe Schmo defines "fetish" as: "what a person of one race has if he or she finds too many members of another race sexually attractive."
Thesis: Joe Schmo is a fucking moron. I think I can make a case that Joe Schmo is a racist moron, but let's focus on the fucking moron part first.
There exists a popular trend, not to be a racial fetishist, but to accuse others of being one. A sexual attraction to people of a different race is synonymous with perversion, according to trashy magazine articles, jealous black women and Asian men, and female writers who have achieved the double header of being both stupid and ugly, and now get off on inventing excuses for why men of their own race choose to ignore them. (Sorry, ladies, it's not that we're ignoring your mind. Believe me, we've noticed it, and it's just as repulsive as that carcass it's encased in.)
There is another, more honest, group of individuals who are helping to perpetuate the "interracial sexual attraction is perversion" myth. Those are the individuals, apparently independent Asian women for the most part, who have noticed a real commonality among their courtiers: the desire to use unflattering cultural stereotypes in a mate as a means to evade their own psychological failures. E.g., "I have no self-esteem, so give me a subservient geisha chick to help me pretend otherwise."
All of these groups are wrong. An appreciation for, or even preference for, the physical qualities of another race is not necessarily a sign you need a brain transplant.