Yes his general plan is to sail around Bermuda and back . . . or possibly sail further. Quote from his blog:
A few have written wondering why I do not plan to stop in Bermuda. As I think I have said, I have nothing against Bermuda and in fact everyone I know who has visited the island has enjoyed their time there. But 800 miles is too short a distance to enter the monastery of the sea. Three or four days out and I would already be counting the days to landfall. I don’t really care that much about the land any more, if I ever did. I want to be alone at sea.