If not.. how are the waits now after the big refurb?

Nope, and I hope to God it never does become one.
Even Disneyland took their FP machines out of Pirates before the big refurb... They realized that the attraction had such a high throughput that it was stupid to have FP on it.
-Rob
Nope! It's actually very much the same. It does a nice job of being the classic PotC we love with just a little updating. Honestly, you'll be surprised at how much is still the same. It's just been freshened up, a cool Davey Jones effect, and Jack added. In fact, some people didn't feel that it was enough changed. I think they did a great balance between updating it and preserving the ride.Is the ride terrible now?
Is the ride terrible now?
Actually, WDW's Pirates could never really effectively have FP due to the load configuration, and having 2 separated load platforms.
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