I've always had admiration for the hole, but now that I'm engaged with this conversation, I also recognize that it's the rare "around 400 +/-" yd hole that still challenges and stimulates a wide range of players, naturally, without much gimmick.
I can't think of too many of those anymore... the 380 to 420 hole type is just about dead on championship courses, no? A 400 yard hole has always (still) brings a notion of challenge to me, but to the A golfing world, I don't think so.