I see about 16 orders visible on mtgoxlive at the moment, all for about 4000 BTC each, distributed very evenly.
Assume for a moment that pirate defaults (whatever you may think about the situation).
It has occurred to me, that if the community writes a simple trading bot for pirate (or really, he could write it himself since it would be a
very simple bot), maybe pirate could at least use his BTC to help stabilize the price.
He probably wants to sell a bunch of his BTC it anyway, and he could choose to sell off during sudden price spikes only, and keep the market depth reasonable.
At least then some good would come of BS&T.