Bill I see you are a valued member of this forum and in no way am I meaing to disrespect you, I just happen to be in this field and would like to offer up my opinion.
Your example of plywood laying on sand is not a good example. PT plywood will fail in a forney machine much sooner once exposed to prolong moisture, that is factual lab data. The glue is very strong, as I mentioned in dry conditions the wood will fail before the glue when tested in tension. So your example of it laying on the ground, in sand no less, does not parallel to a stringer in a boat. Your ply is exposed so that it can dry out (air moving accross it) and is sitting on a surface that drains better than any other soil type (sand and silt).
I am going to assume that most boat manufacters have gone to plywood due to it's ease of use and installation. On an area like a transom there would be considerably more labor and material cost to make it from solid quality lumber than a sheet good encased in glass which seems to work just fine when done right.
Many people will go from personal experience on these types of things. If a boat mechanic haspulled out several stringers that were made from plywood and they held up good he will assume that plywood works well. This same person may have also taken apart a boat with glassed in stringers that were solid him fir that were rotten out, and will conclude that solid lumber is junk for boats. However there very possibly are other facters that were not looked at like if that glass encasing the solid lumber had a perforation in it that allowed water to enter. The dry lumber would absorb that water like a sponge and have no way to get rid of it, thus rotting out the lumber. The other stringers that he took apart may have had no such defects and remained dry and keeping the plywood in a good working condition. Thus there is always more to a senario than may appear on the surface.
A quick google search resulted with a link to a resaler for marine plywood. Most people read marine and assume wet, well check out this link and scroll down to the bottom and see what it says about the bonding glue for exterior applications.
http://www.marine-plywood.us/teak.htm
So plywood most likely will work just fine, when kept dry(encased in a quality fiberglass job), however if you have a chance that this material will get wet and you can make it from solid naturally weathering lumber (teak, ipe, bubinga, jatoba, cedar, redwood, sugar pine, cyprus). Also any lumber or plywood that will not be encompassed in glass should be painted on all sides with a quality oil based primer and paint prior to install.
Just a few more thoughts