Elizabeth should be the governor, Norrington should be the commodore (but with his scruffy beard intact so he'll get laid all the time), the governor should join the crew of the Black Pearl and be Gibbs' love slave, Will should be allowed to be as noble and daring and deadsexy as he wants, with whomever he likes, and Jack can get the Pearl back.

Problems solved. No need for third movie.

Except for the Chow Yun-Fat. I want me some piratical Chow Yun-Fat. *prrrowr*