Bermuda Triangle: Flight 19

Flight 19 consisted of five TBM Avenger torpedo bombers on a navigational training flight out of Naval Air Station Fort Lauderdale, Florida U.S.A. They took off on 5th December 1945 headed out towards the Bahamas on a dummy bombing run unfortunately none of 14 airmen would ever return, and to compound the tragedy another 13 crewmen were lost aboard a PBM Mariner flying boat that had been dispatched to search for Flight 19.

There is voice recording evidence of a compass malfunction, but in all 5 planes? The flight instructor was very experienced, so what when wrong? No identifiable wreckage has ever been found, so what happened to Flight 19? Were they just another victim of the infamous Bermuda Triangle? What say you? Discuss...

Here is more of the story so far...
Wikipedia's take on the story
A Nat Geo Video presentation
Four possible explanations
Wreckage found?
Excerpts from Gian J. Quasar's book on the subject