Disliked: A bit dry; only a few errata (such as the font change on pg. 30).
Liked: I like the "quick pick stunt packages" (pp. 28-29), good adventures.
Wanted: Would be nice to see some terms defined that aren't ("Riposte") and/or sword fighting example.
Overall: Based on the Spirit of the Century SRD with some changes for the pirate genre. Has some brief advice for space pirates, fantasy pirates, and including voodoo magic.