Perhaps this is too easy of a question, but can the hole be simply a "risk-reward" par 3 without strategy?
Everything I've read here so far indicates that the hole does indeed contain a great amount of risk and reward, particularly with certain pin locations.
Now, whether the players are willing to take those risks is a different story. Still, whether they realize the reward or not is entirely dependent on execution, not necessarily on "thinking" or "strategizing."
For a major championship, I think that's pretty cool. To me, the architect is saying "ok boys, you've had your birdies on 13,14,15 and caught back up... let's see you execute under pressure for 16,17,18."
In my mind, one of the things that makes Augusta great is that it's full of these little "mini runs." 1 is a tough intro. 2-3 are birdie opps. 4-7 the player needs to hang on and make it through without blowing up. 8-9 can be taken advantage of. 10-12, look out. 13-15, let's make a run. 16-18, prove it. It's punch-counter punch the whole way through.