The cutscene is the same until "thanks a lot, guys", then you're in control of Guybrush again, either with everyone looking at the map, or in the "over the boat" view, I'm not 100% sure.
(It's a catchy tune!)
EDIT: well, I found a French video, but they inserted the song in it, so it's not that helpful. Well, whatever is in English isn't in the game in French http://www.youtube.com/watch?v=Kt4VV...eature=related
Seems that you end up directly in the "view from over the boat".