This game is apparently not dead.
The game is not dead, it’s undead, wavering towards the finish line so it could be put out of it’s misery.
It’s been 10 years in development and as far as I understand it, you can get off the ship at certain sports but most of the time you’re basically just playing as a ship while at sea, not a pirate sailing a ship. I say you’re right, this game will be DOA with a game like Sea of Thieves around.
Iirc they can’t cancel the game legally speaking because they took money from some government to make it.
I could be remembering this wrong though.
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It sounds awful https://en.m.wikipedia.org/wiki/Skull_and_Bones_(video_game)