Oh, I bet you'll start getting more stories going in no time. There are SO many good ideas floating around!

Honestly? I was thinking a little bit of both - more emphasis on the land portions though. I do want the Kraken to appear though. I mean, perhaps, like you said, Worlds End could be a Bermuda of sorts. When ships venture to close, the Kraken appears and tests to see if they're worthy. If not, they sink to the bottom of the sea becoming fish food! Sirens could be cool too. In fact, I'm going to look up some sea myths and see if any of them can be incorporated. 

And I have seen Sinbad! Mind you, its been a while, but I think I remember hints and pieces of it!

No problem. In fact, I think I fell asleep before you ^^"