I loved it! The art was gorgeous.
It could have also been a secret origin for Jessica Drew! Remember, the Pirate Queen's name was Patience DREW. I wondered if Dennis Hopeless knew that when he used that pirate Namor in that Spider-Woman story / event. I can't remember the name of it, but I think it had some alternate universe stuff.
At this point, I'll take what I can get on the movie front -- though I think Marvel isn't too interested in Elseworlds movies. Or a Namor movie.
Was the 1602 Namor a pirate too? I thought he ruled a city ... though he definitely looked like a pirate.