There's no further speculation necessary about the 4th green...
When I played there on 2/21/09, the temporary green for #4 was being mowed about 75 yds or so back down the fairway--it will be tight up against the waste area/blowout bunker, and it may well be played that way by the public all the way up until the US Am, depending on how the re-do of the 4th green goes. The re-working of the original 4th green was to have started this week, but I have not been there since the 21st so I don't know if that has happened yet or not...
Really, my overall impression (the last round was my 20th overall since CB opened) about the greens is that almost all of the greens that are not on the huge upslope on the north and east sides of the course are coming along just fine. Slow, yes, but I was favorably impressed by the greater degree of consistency both between greens and within different sections of a single green...
The "problem" greens are those up on the slope--#12, #13, #4 and #7 (paradoxically, #8 looked just fine to me). Of those, #12 seems to have improved over the winter, with some variability in grass texture and thickness remaining on the high middle-right "knob", but by and large the green is settling in...
In my opinion, the right decision was made re :#4, and it remains to be seen whether a similar decision will be discussed re: #7 and #13
These are 4 greens out of 18, and the rest of the course is very high on the fun and challenge meter, so I think it would be a shame to pass on seeing Chambers Bay out of some misguided sense that the greens are horrible. However, I do agree that the price point for out-of-county residents is a challenge, and for the spring/summer fee it would sure be nice to have more uniformity in the greens...
Guess that's why playing it all winter has been such a treat---excellent fun/price ratio!!!