Click on the pic to view:

http://www.d17.uscgnews.com/go/doc/4007/2454846/

Again, from Peter Johnstone:

" Posted Today, 08:38 AM

This morning's update: Sustained winds were 30-35 knots. Squalls had been in the 40 knot range for most of the day. A full whiteout squall hit that initially looked no different than the other squalls. Sails were up as there was no indication of squalls with winds above 40 knots. A wall of wind hit at up to 70 knots. There was no opportunity to get the sails down. The mast came down with the wall of wind. Am simply relieved these guys are all safe. "

Yup, sounds like the North Atlantic off Hatteras in January, alright...