Ben,
That was an interesting article. I lived a few miles from Wellbank, on the Dundee side. In the mid-1980s a Nicklaus course was constructed at Letham but, from a distance and according to local lore, it didn't seem to be a roaring success (Marty may know better though). The country around this area is heavy-duty, sticky soil (great for growing potatoes!) so firm and fast conditions may be at a premium. There just seems to be so much good golf around the mouth of the Tay and north to Monifieth and beyond that you wonder how a "resort" like this will fare. I must check the site out when I return for a visit in June 2011.
Cheers Col