Update on my buddy: moved into a regular room and off the ventilator. Doing a lot better. Had a 15 minute phone call with him last night and he was mostly "there". In other words, he was about 85% normal, with occasional "processing" moments, or perhaps an odd phrase or two. Still on some good drugs. Expectation is he will be released late this weekend or early next week.
Still has a long way for recovery, and will have to have the colostomy bag removed at some point, but on the general road to recovery. Super glad to hear his voice, as I had already prepared for the worst.
Side note, during our brief conversation, he mentioned he had no will, no living will, sole proprietor for his business, etc etc. In other words, if he had passed, his wife would have been in a real pickle to keep the business running, putting everything through probate, etc etc. Just a reminder to everyone to get this stuff taken care of, if you haven't already. That way your family is aware of your wishes should a life threatening event occur.
I've already told my bunch, they better not spend a bunch of money putting me in the ground. Least expensive route is the way to do it. Simple cremation and scattering of ashes or similar.