I have more mixed feelings than most on this issue.
First, for those who have not seen it, the 17th hole as a stand alone is not a bad hole. It has a wonderful and interesting green (one of the best currently found on the course). The aesthetics are quite cool too.
Second, the hole does not fit with the rest of the course as currently exists...something which was made quite clear to the members before the hole was built. The "controversial" tee shot is only so for a certain group of players from certain tee boxes. I agree that the "problems" of the tee shot could be remedied fairly easily with small tweaks described by Mike.
The more troublesome point, however, is that the club must decide (and perhaps now they have) whether they wish to embrace the style found in the Mackenzie drawings or to stay with the current grassing and bunkering style which exists on the other 17 holes. The current 17th is the most disharmonious hole I have ever seen...but please understand that I'd probably love an 18 hole course with the features found on that hole.
I didn't take lots of pictures but here goes, check out the difference in bunker styles
The 17th as I saw it in March:
The bunkering style found elsewhere:
Anyway, I wanted to chime in and say that while I agree that the club must make a choice, it isn't as though the 17th, in and of itself, is so bad.
Bart