I was able to play this "newbie" earlier today. The previous course on this site was one of the the most forgettable racks in the Bay Area. The new course is certainly well conditioned at this point and has some interesting contours, particularly on the back nine. The course has an appealing aesthetic and some of the abundant (!) bunkering does make the player think when standing on several tee boxes.
It's a bit of a shame the routing wasn't reworked a bit more, given that the sister course is also being redone, as the front nine is a bit cramped and the majority of the holes run north/south. Thus, the first 14 holes still seem crammed against one another, with few consequential angles of play from tee to green aside from the opening tee shot.
The greens are very large, with generous fringe areas and swales such that the green side bunkering really only comes into play for very poor approach shots. The mounding surrounding the greens is not often tied in intimately with the actual green contours.
Overall, the new "South" is nice addition to the local golfing scene, built on top of what was once a very featureless golf course. It is certainly very convenient for those flying through Oakland International, but I would not put it in a class very much above the nearby Metropolitan or Monarch Bay courses.
The North Course renovations are now underway, so hopefully something even better than the new South course is on its way.