User blog comment:WillTurner101/Another In Your Opinion/@comment-74.193.160.126-20120514011524/@comment-1984959-20120514021049

...Do you fear death? lol xD

All kidding aside, no one knows what will happen - as the writers intend for Will/Elizabeth's story to end there. So with that being said, what will happen then is for the viewer/fan to decide...if they choose to, at least.