This Scotsman story says "it is hardly surprising that the Players' Championship is commonly referred to as 'the fifth Major'. Golf's powers-that-be have yet to give it that status but they may as well."
Meanwhile, Dermot Gilleece reports that Johnny Miller says the status of the event is "getting to be a real issue."
Please Johnny. It became an issue when won Craig Perks won. That's when I thought, "this is the fifth of four majors!"
Anyway, Gilleece talks to Padraig Harrington who noted a change in the TPC Sawgrass:
"Sawgrass used to be fearsome, but it is now quite a normal test of golf. There's nothing extreme about it anymore. But if they get the greens really firm and fast, which they can in May, now you're talking scary course, especially with the rough up."
Would this strengthen its major aspirations? "Maybe," he said. "But I believe that if there is to be a fifth major, it should be the Australian Open, provided you get the right field. Most of the great players have played it; it's been around for more than 100 years (instituted in 1904) and has a choice of some wonderful courses. So all that's missing is the right field."