The people on the islands, which btw. is under the danish crown, are experts on cooking pilot whales. Much relevant information can be found here: http://en.wikipedia.org/wiki/Whaling_in_the_Faroe_Islands

The hunt is regulated by the government. To me the hunt/killing looks inhumane.
Apparently the kill is done in the traditional way, but the chase is done in motorized boats instead of rowing boats. My feeling is that as long as they argue it is a traditional/cultural hunt, they should go out there with rowing boats and no modern communication.

Todays trivia: Damn the treaty at Kiel of 1814. Until then Norway included the Faroe Islands, Iceland and Greenland. http://en.wikipedia.org/wiki/Treaty_of_Kiel