Steve,
I manage a bermuda golf course and I have a few comments for you.
1. Although a low height of cut helps with bermuda, the key to fast bermuda is dry soil and a thin mat. You can cut it as low as you like, and maybe that makes for better putting from off the green, but for a bermuda course to play fast through the green you have to keep the mat thinned out. It's not about cutting it low, it's all about keeping it dry as possible and kicking it in the teeth every time it comes close to even think about being happy.
2. I know some will argue this next point, but I do not believe a bermuda course can play fast and look good, at least by US standards. If your bermuda is glowing, its not going to be fast, at least not day in and day out. It needs to be dull and off color, usually due to drought stress.
3. Unlike other grasses, you do not get bermuda fast by withholding nutrients. When bermuda is hungry it gets leggy and loses density. You might be able to maintain fescue on 1 lb N a year, but try that on bermuda and you'll be sorry. It needs appropriate nitrogen and micro nutrients to fight off all the abuse you give it to make it play fast.
4. Lastly, I know my greens are right when there is no dent at all and you bend your ball repair tool if you think you see a make that needs repair. Lots of topdressing and vertical mowing, reasonable fertility, and stingy irrigation make for dry firm bermuda greens.
I guarantee you Pinehurst has the environment to produce F & F if that was their goal.