It was another sailboat called Fritz the Cat that sank. The Stahlratte is still sailing and has posted on the Latin America Regional Forum to reassure everyone that it is still able to make the trip. Here's the link:
Not a bad way to go. Just a bit over my budget. I will report back what I find when I get there about other less expensive options. Where there's a will there's a way. Believe me, if I had the money I'd sail on the Rat. Looks like a total blast!