I've downloaded v1.2 and sailed the Hudson River at Manhattan, and Baltimore Inner Harbor -- awesome!
Several thoughts for the "to-do" list: when the rudder is put back into a neutral position after turning (I'm using the keyboard number pad, and so I mean hitting the 5 key), there should be a delay before the ship stops turning. Can you allow alternate ensigns/flags (I'm seeing the US flag at the mainmast)? For prettiness, have the ship's wheel turn as the rudder is turned. Oh, and the PDF manual will need updating -- I haven't yet discovered how to use the tug that's now part of the sim.
Those of us who were lucky enough to see & photograph the Bounty replicas have favorite photos: mine is http://swq.com/nyharbor/91422.jpg (which was taken September 14, 2002, in NY Harbor as part of "Sail for America", a one-time sailors' tribute to the September 11 2001 tragedy.