Thanks for the reminder Draekon. Do you need to get the quest, or just head up in that area and look around? Also, are there any nasty high-level critters up there or do you think it is accessible to toons at any level?
Level 10 quest (Might be able to get it before 10, don't know). Here's details on it where it is and where to turn it in:
Once completed you can buy three different cosmetic items from the quartermaster. Each item costs 25 bottles and 10 casks (total of 75 & 30) which you can easily get going up towards the captain (and then I basically used my map recall to bree and used travel back to buckland).
EDIT: On rare occasion a waterlogged locker will spawn in place of a keg or crate. These are light armored level 35 hats. Not bad for Loremaster or Rune Keepers.
Edited by Draekon, 18 September 2010 - 01:58 AM.