Who really cares about 5th major status? I don't particularly put any magic in the number 4, but I also don't care much if it's considered a major, either.
It's a great tournament played on a highly entertaining course with one of, if not THE, best fields in golf. It's one of the few I even bother watching anymore. Many years I'd put it ahead of the PGA, I'd never put it in the same class as the other 3.
Garland, are you trying to say they didn't consider The Masters a major when Hogan won it? If so, that's the first I'm reading of it.
Terry's certainly right about Sawgrass being way ahead of other events, imo. Sorry, I'm as big a fan of our friends down under as anyone who's never been there, but can you even begin to compare the fields at the Australian Open to the fields at many other events worldwide? I'd buy one of the other big Euro events - what are their big two called, the Volvo Masters and the European PGA? - before I accepted the Aussie Open.