I like it, in the context that it exists at Sawgrass. I am not a fan of duplicating it everywhere, but at Sawgrass it fits in. It is one-dimensional, which is not my favourite attribute for a golf hole, but it makes a clear distinction between a good shot and a bad one. The distance is short enough that it is not as penal as it appears, unless the wind is up or the green is really hard. I am actually surprised that as many pros find the water.
Also, I love the suspense the hole brings to the entire round. I ask Adam Clayman when were playing there in January, if the hole was in his head, if it had not been at that point, it certainly was after I made my comment. I love walking up 16 and seeing it out of the corner of your eye and trying not to look. Any hole that has that ability for the better player is great in my book. It is far more penal for the high-handicapper, but they are playing it from 90 yards and they can thin a wedge and still find the green. The joy expressed when people hit the green is another winning attribute of the hole.
Again, I love it in the context of Sawgrass, but I hate it at PGA West and most of the subsequent island greens that I have seen.