Andrew, Jason, and Andy-
Thank you for your comments. They have really helped me figure out what to do in our situation, and have stimulated some creative solutions we hope the client will go for. In this situation we hope to be moving the fence down the hill from the edge and possibly terracing/planting to hide the wall from below. Thank you again for your helpful comments!
I checked out the vanishing edge pool in Singapore. Wow! http://www.youtube.com/watch?v=boOnV30CtZc&feature=related