I agree that the hole is hard. 17 at Sawgrass has fouled up the chances of many great players to win a big tournament, but it's not a great hole. Also, I don't mind so much that the tee shot is blind. That makes the the hole trickier on the first couple plays, but it doesn't add or subtract much from the hole.
I don't understand your point about the tee shot being strategic; it strikes me as the opposite of strategic. If you miss the fairway, you get a 1 stroke penalty. You wouldn't say that the drive on 12 at Torrey Pines is strategic, because if you miss the fairway, you won't be able to hit the green in 2.
I agree with your point on the strategic decision if you miss the fairway. Tiger has an interesting decision to make if he's in the rough, but you and I are probably better off just chipping sideways.
I like your point about the length. There are many great holes that the average golfer cannot experience because of physical limitations. Even still, aren't there many greater short par 4's than 11 at Merion. How about 9 at Cypress, 10 at Riviera, or even 10 at Merion. These are much more interesting holes on which a great player can make a 6 (just like Jones did on the 10th before he clinched the grand slam) and a hacker can make a 3.