Chip:
I'm not sold -- yet. Pebble is the one Open course (well, perhaps Shinnecock) where wind can dramatically impact things in a much more pronounced way than most other US Open courses, it seems. So I'm hopeful for baked-out conditions, firm winds, glassy poa greens, and rounds where par is a struggle.
This is the one tournament of the year where the course and in particular the set-up ought to make these guys struggle. It's rarely done during the rest of the golf season, and increasingly doesn't happen in the other three majors (not that there is anything wrong with that; I'm of the view the folks at the Masters have gotten the balance near-perfect).
A repeat of 1992 at Pebble, in terms of conditions, would be ideal in my mind.