Cash Cowley
Cowley bet out on the flop and Naalden flatted, but when Cowley bet out again on the turn, Naalden raised. A call from Cowley, but he opted to check the river -- and then fold to a bet from Naalden.
Since then Naalden has gently whittled away at Cowley's stack, causing Cowley to drop another 100,000 or so. The current chip counts are somewhere in the region of 1.9 million for Naalden, 700,000 for Cowley.