From what I have seen in the images it is an improvement over the course that was there, but that's not saying much as the course did a better job as a parking lot for tournaments than it did as an interesting golf course. This is a real shame as a short course like this and a really cool putting course could have provided a really interesting community amenity, but they decide to do a couple of template holes and then copy one of the most famous par 3's on golf and call it a day.
Have you actually seen the course? Those are strong opinions for a course you have only seen via photos in a press release. I have not seen it, either, but I know that the short course at Bluejack National was very well received [though of course everything Tiger does, is, because golf media are afraid of him].
I doubt that the suits at Pebble specifically requested the replica of #7, but surely that is just the sort of marketing-friendly feature they embrace, because otherwise it is very hard to describe what's so good about a par-3 course . . . it all just sounds like baloney unless you are a true believer in whichever architect has done the work.