Adam:
Regarding the long view, you CAN see the ocean over the trees in the distance from the 18th tee and 18th fairway, IF it's a clear day on the ocean ... I've seen it a couple of times.
However, once you get down to the clubhouse and first tee, I think the trees on the ridge over by Olympic are too tall and they're the ones that block the view.
A bunch of the trees behind the first green have been cut down since you last saw the course -- a very big one fell on the green in a storm, which is one of the things that made them think more seriously about their tree issues. It does give a kind of cool "negative space" behind the first green, and it's much scarier to hit a short pitch to it now. But there could never be an ocean view from there.
IMHO, San Francisco's ranking has nothing to do with being in California, any more than being in NY helps Fenway. If the course is overrated at all, it's because of the unique bunkering, and people's obsession with bunkering. But there are a bunch of great holes there, too, and I think there are about to be a couple more.