"As a California resident don't you think it is unfair to the voters who vote 49% to keep Davis to then put in office a person who only gets 34% of the electorate voting?"
I'm not a California resident but I don't think its unfair at all. You are considering two different elections here. On the recall if more than 50% of the voters want a new governor, then they can elect a new governor. In this case a lot of candidates are running, the percent of the votes the winner receives is a function, in part, of how many people are running. If only two were running the winner would have a higher percentage than the 49% no recall vote.
BUT if Davis had been permitted to put his name up with the contenders he could have gotten 49% of the vote - don't you see how unfair it is to not permit him to run against the 100? If he got recalled by 51% and had 49% vote for him - and if he had been permitted to have his name in the contender list he would have gotten the 49% and then someone with less than that could not have replaced him.