It was always good! But I'm guessing the answer for people who want something this isn't and will never be the answer is no. There is a lot more stuff in it now, and a PvP mode! But it's always ran and played really well. I'm not actually a huge fan of the feature bloat, I think it's strength was in simple mechanics layering over each other in such a way that kept any fiddliness out of the way that made multi-crew multi-boat combat awesome but there are slightly more interesting quests and things to get up to you as context for those awesome moments now.
There is still nothing like it, it's been over two years and the supposedly superior co-optional sailing sandboxes are wallowing in low quality ignomity or development hell.