Not in my book - I played a course last week where this would apply (and got me thinking about the topic) - the 6th hole at Hunter Ranch in Paso Robles which has a big tree (sorry, not an expert in tree species) right in the center of the fairway about 225 out from the green on the par 5. This tree, coupled with the funnel nature of the fairway, is pretty darn bad.
Then in reading the Taconic restoration thread, I got to thinking how important the enormous trees protecting the right side of the hole on the par 4 4th were to the strategy of the hole, and how any tree removal program targeting these would be a HUGE mistake.
So then, in thinking about holes like 18 at Pebble, 17 at Cypress, 17 at ANGC, and others of that ilk, I'm wondering who got the best balance out of a single tree and it's affect on the strategy of a hole, because so often it can easily go wrong.