For all of you who played and loved the original, it's back and just as good as ever. A few features missing and revamped:
Ship to land battle - completely removed, which kinda sucks, but oh, well.
Fencing - this actually culminates in something now, so you're not just stabbing him to make your guys happier.
Tavern - Completely reworked. Now instead of everything being random, you can choose who you want to talk to.
Other ships - The seas aren't always so lonely anymore.
Graphics - Duh. They gave it new graphics. That's obvious.
That's all I could think of. Seriously, the game plays almost exactly the same. It is harder to keep up a good morale, but that almost adds to the realism, sometimes.