This is my initial response, before reading everyone else's.
Strategic features matter to everyone. What people typically miss, when thinking about this, is that not all features matter to everyone.
That carry bunker out at 250, 270 to carry, is generally out of play for me, unless I hit my best possible drive and it's in that direction. But that meaningless top shot bunker might come into play for me, occasionally (sadly). Or that little hump 230 yards out in the right rough. Or even that little irrigation pond 50 yards left of the fairway.
The point I am trying to make is that there are plenty of features in play for all golfers as long as the architect or builder doesn't bulldoze them all away, or forget to put them in if it is entirely created. All too often on here, people judge hazards as the pros play them, or as they would play them if they hit their best possible shot.
You know what? When even a hacker like me hits his best possible shot, no features are in play (that's pretty much the definition of the best possible shot, isn't it?). If you drill it down the middle and there's no central bunker, it doesn't matter if you hit it 150 or 300. If there are bunkers down the left side of the hole and you only hit it right, then those features are generally out of play for you.
One of the most intriguing aspects of the game to me was that, as I improved, my home course played differently. I found different hazards, whether explicit or not.
Those bunkers that you thought were meaningless because they were 220 out are in play for a lot of people. Just like that bunker you drove into 280 out is meaningless for a lot of other people.
I've thrown a lot of semi-connected thoughts out there, but I'll conclude with this:
There is one thing that I can pretty much guarantee - if you take this attitude - i.e. certain features are wasted on certain golfers - then you are probably going to get a boring hole as a result.
Now to read everyone else's thoughts....