I know that I'll get fried for this answer, but I think it is one of the most exciting holes at the Masters. I sat in the stands there for most of Saturday and saw Faxon, Leonard and Langer make eagle, and saw a lot of drama.
You first have to drive it into the right side of the fairway to get an open shot. The left side of the fairway is pinched down so if you are on the left side of the fairway, you have to make a big decision on whether to go for the green or layup. The target area on the green, this year, was extremely small. Hit short of the flag (or front quarter of the green) and the ball rolls in the water. Hit pin high, and the ball bounds over the green. And more often than not, if you went for the green in two and went over the green, it was not an automatic up-and-down. Tuesday, I went to the practice round and the players had a hard time gauging the speed of the slope on the green, and Saturday, they were still having a difficult time. I probably saw more birdies from guys laying up than the ones flying over the green.
Year after year, I see a larger disparity of scores on that hole than any other hole.