Joel:
I think it's a fascinating hole.
I am sure Dr. MacKenzie designed it so that it might occasionally be driven, or at least tempt players to try to drive onto the front right of the green.
At the same time, one of my most vivid memories of Cypress Point was that many years ago, when I had played the first few holes pretty well, my caddie suggested I hit a 7-iron from this tee, in order to use the widest part of the fairway and give myself a full 9-iron to the upper left hole location. I choked on the second shot, but I think he suggested a legitimate way to attack the hole. Few people would ever think of it ... but then some seniors might be playing to the exact same spot.