One company in the Balkans made a Pirates style online game. But who would trust a company from Romania or Bosnia or wherever in that area? Obviously they did not fare well, as Pirates by Sid Meir is known WORLDWIDE and has no competition in their arena. Kudos to Atari for publishing and distributing the game.
This game would be so doable as an online game it's not even funny. The best thing is, noone could really have an "uber" ship as the upgrades are available to everyone as long as you got some gold to spare. It would be nice to pai up or have more human players battling another enemy task force or hunter killer group or even a escorted convoy. I love the bounty thing too. Spain does NOT like me at all. They also have religious settlements and pirate bases, if you do not mind the whole world going to war with you then you can find a base and attack all nations!
You will get rich, but you will not hold rank or have any land, and no governor's daughter with big bewbies showing.
One thing though, you attack an escorted ship, you fight BOTH of them (escort and merchant or galleon) while you only get your flagship, not important even if you have a fleet, you only get your one ship. And yes, rocks, reefs, storms, and other nasty surprises can ruin your day. The land combat mode is awesome, and is very strategic.