I play Cutthoats too. It is a nice game. Especially the land combat scenes are much better than those found in Pirates! The naval combat scenes are also a tad better since one can use more than one ship in the battle. It also has the advantage over Pirates that one can fly Danish colours on top of the other 4 nations.
However, I think that it lacks an overall general story as opposed to Pirates. Also the game is marred by several huge bugs.