Docidle, you show excellent judgment as well as fine modeling skills. I've been preaching for some years that this kit would be a great one for people just getting into sailing ship modeling. It's historically important, it's a fine, well-detailed kit, and it offers practice on just about every facet of sailing ship modeling in simplified (but accurate) form: one mast, some rigging with quite a bit of variety too it but not much repetition, and wonderful opportunities for applying painting skills.
I believe the kit originated with the Russian firm Zvezda, which has proven its skill in designing sailing ship kits elsewhere. (It's been reissued in several different boxes, but I have the impression that the only things that vary are the decals for the sail.) My only complaints are the injection-molded sail, which I just couldn't live with (but which could be left off, with the yard replaced by a wood one), and the high price. But one of these days I may just tackle it.
It's drawn some criticism in some quarters because the deck planks run from bow to stern. The surviving cogs (I believe there are a couple of them in Germany - including one that, as part of the conservation regimen, has been submerged in a tank of fresh water for several years) have deck planks that run athwartships. But so many of the things were built, and so little documentation about them is available, that to my mind it seems entirely possible that some were planked fore-and-aft.
I think the original manufacturer had it in mind that the kit could be used in wargames. Zvezda makes a huge range of soft-plastic 1/72 figures - including several boxes of medieval ones. There's a potential there for a well-populated ship - and yet more opportunity to show off one's painting technique.
I once saw an article about a huge, radio-controlled U.S.S. Missouri that contained, among many other amazing features, a small tape player that played the soundtrack from "Victory at Sea." That gave me another idea: a cog containing a cd player blasting forth Wagner's "Tristan und Isolde." (The first act takes place on board a ship, which, I think, might well have been a cog.) Hey, if Richard Rodgers can do it, why not Wagner?
Youth, talent, hard work, and enthusiasm are no match for old age and treachery.