I think Phil H is right. The underwater hull, along with the etched brass fret (which, I believe, includes the delicate mast components that were a little over-scale in the original, all plastic version), makes this new reissue quite a bargain. I may have to plunk down the extra cash and buy it. For quite a while I've been thinking of building it as the U.S.S.
Samuel Eliot Morison, which has the distinction of having been one of two ships I can think of that were named after history professors. (The other was the Naval Academy training ship
Bancroft, named after George Bancroft, who taught history for quite a few years - and wrote a standard U.S. history textbook - before getting appointed Secretary of the Navy and becoming known as the "father of the Naval Academy.)
Youth, talent, hard work, and enthusiasm are no match for old age and treachery.