Reading: good overall, though I didn't realize when Pete was still semiconscious that the Australian doctor was a woman. Some readers, you have to be told they're reading a woman's part to realize it.
Story: I enjoyed it a lot. There was a lot of technical attention to detail, and it's good that the author was able to tell the whole story without sacrificing that -- I've had that problem with "113 Feet" and had to lose some of the dive details, unfortunately. The shark was kind of cool... reminded me of an iPhone game I have. Pete's horror and preoccupation with his wang was totally believable. Him shooting out of the water in the beginning, a bloody chunk of human, was both funny and disgusting/horrifying.
However, I didn't really like the very end. Everything after Pete gets his revenge on Abonae -- there really isn't enough about what he's going to do next. Wouldn't a guy like Abonae have a criminal hierarchy? Wouldn't someone else want to make a statement to the guy who killed the boss? I liked that Pete was going to swim his way back to the city, but... then what?
Also, the whole thing with him and the doctor attempting to get it on, while believable in this story's universe, strained my credulity from a doctor/patient standpoint.
Overall a good episode.