Despite the fact that I seemed to be able to pre-order the Pearl long before anyone else here, mine did not arrive till Friday 11/11. I didn't get a chance to build it because of Shabbat but as soon as the sun went down I started building. Overall I'm very satisfied and happy with the way it looks. Some of the construction techniques are really nice, little decorative flourishes or choices of particular bricks to do something like the half arches which brace the rudder or the way the figurehead's "wings" were made from black plume/flame pieces. The build was easy and fun. The only single I have is that this ship comes with only two cannons. For the price of this, I'd hoped for four, heck, I'd have paid a few money units more to get four in the box. Of course I have extra cannons, it just seems a shame that the Black Pearl is so under armed.
As has probably been mentioned before, the mast build technique, sails and rigging are done identically to the QAR. Compared to various older ships, I really prefer the new method. Also like the QAR, there really is no deck so everything inside the ship feels like it is happening at or below the waterline. We've already seen some mods which address this issue. A nitpick is that the "wrench" pin used to hold the foremost sail in place looks a little too light right up against the black sails. I'm sure this is easily solvable though I just need to find the right part.
Finally a question for those of you who already have your Pearl: did you all get a character card with yours? I didn't.