I played a course last week with an almost identical green-fronting bog. It didn't have a similar centerline feature in the driving zone though. There's also a course in my hometown with a pond in the landing zone for really big drives, with small strips of fairway on both sides. Amazingly, this pond IS manufactured, as it sits above grade and is lined with rocks and has a big fountain in the middle of it. It's the worst hole I've ever played. The tee shot is a joke:
And on the other side of the tree, you have the pond:
The feature may not be totally unique, but as Jeff mentions, I think most architects routing around a similar feature end up going with a narrower fairway. The result plays like more of a forced carry than a true centerline feature that can be realistically played around on short grass. That's certainly the case for the hole above, and looks to be the case at County Down too. I actually think the example from the original post could be fun to play. Bunkers in place of the bogs would look better, but with tons of room to go around, I think it's perfectly playable. And if the bog on the tee shot is at a distance that can be carried with a good drive, I'd be tempted to take it on.