Ok, so maybe not 5 stars, but I'm a proud alum. It does have an exceptional layout, and number 10 is one of my favorites in the world... If this was a private golf course, with some funds, it would be pretty exceptional.
And although, I don't play Pebble every weekend, I have played the Old Course, a bunch in Scottsdale, PGA National, and I'm a member at Cordillera in Colorado.