It was a "non-fatal collision" between the two aircraft [0]. Both pilots were rescued [1]. One aircraft was recovered without incident; the other sits corroding at the bottom of the lake. While the second corsair is in worse shape than the first one and therefore a much more significant challenge to recover, I know several people who would jump at the chance to try if they could get permission from the Navy.
[0] http://www.museumofflight.org/aircraft/goodyear-fg-1d-corsai... [1] http://www.dcsfilms.com/Site_4/Corsair_lake_washington.html