Like most panoramas, you really need to see this one big to appreciate it.
There are a number of reasons why I like this photograph. Aside from the great combination of street lights and dawn peeking out above the horizon, the Santa Cruz Wharf is the one big object that stands out every time I visit Santa Cruz. But I've always found it difficult to photograph: it's long and wide and lacks interesting detail (like most piers in the U.S.). But Jim's photograph works so well because it captures the light and, more important, that feeling of being by the coast at that special time of day.
If you're a fan of Michael Kenna's style of black-and-white photography, you should take some time to look through the rest of Jim's work. Here's a sample: