Looks like the Navy came through and freed the Captain! He's on the USS Bainbridge and is evidently unharmed:
The captain of the Maersk Alabama was freed Sunday after being held captive since Wednesday by pirates off the coast of Somalia, a senior U.S. official with knowledge of the situation told CNN.
Capt. Richard Phillips of the Maersk Alabama is being held by pirates on a lifeboat off Somalia.
var CNN_ArticleChanger = new CNN_imageChanger('cnnImgChngr','/2009/WORLD/africa/04/12/somalia.pirates/imgChng/p1-0.init.exclude.html',1,1);
The official said Capt. Richard Phillips is uninjured and in good condition, and that three of the four pirates were killed. The fourth pirate is in custody. Phillips was taken aboard the USS Bainbridge, a nearby naval warship.
We're still not out of the woods yet - the Somali pirates still hold a US tugboat.