The courses here at Bandon provide some insight. On the plus side, the ball rolls and bounds along (even in the relatively wet conditions of winter), which in my opinion greatly adds interest, enjoyment, variety, and puzzlement to the game. Also the natural variations in coloring that the fescue provides, it's tendency to brown out in droughty conditions, helps the turf and courses blend into their surroundings.
On the negative side, the ball does tend to accumulate at the bottom of slopes, leading to many shots played out of divots, and the turf heals slowly, including a long germination time in the winter months.
Additionally, fescues like dry conditions and low levels of nutrients, both plusses. Fungal diseases, when present in the sward, have minimal impact on turf quality, particularly when a small amount of bent is in the mix.
Have a great 2006,
Tom