I would definitely recommend Kendor's upholstery to anybody in the market for new boat carpeting.
However, on upholstery I researched a number of places, nobody was even close. They were considerably less expensive and the carpet was of good quality. I'm anxious to get it back and see how it turned out.
Anyways, once you remove the old carpeting and replace the rotten wood you may want to consider snaps, rather than glue. The snaps are only .35 a piece. One part of the snap screws into the wood, the other simply pierces the carpet - nothing to it. Then you don't have to be so exact on your cuts and the carpet snaps out for easy cleaning with a garden hose.
I think some high quality carpeting will cost you $100, paying Kendor to sew a seam around it another $100, $20 bucks in snaps and your on your way.
I've attached a few pics. of my current carpeting so you can see what I'm talking about.
Also, thanks for the input Storm
The bad news...
Their upholstery guy is out of town until the end of February. Not that I'd be using the boat, but now that I've finally got around to doing it, I'm anxious to get it back.