Tiger does have a history of supporting events near his home. I would also venture a guess that getting back into PGA play at the Masters might not be the best idea either, but then again I'm not Tiger Woods.
Tiger is unique in that his mental game is so strong, he could start his season off with a major and not suffer for it, providing he is physically prepared. He is one of the most mentally prepared athletes I have ever seen along with Iowa wrestling legend Tom Brands and his current protege Brent Metcalf.