TA3D

There are some bug with setting water quality set to 3. It looks like it was set to 1.
Absolutely not reflective, look like simple blue texture of OTA water. Quality set to 2 - covers all the water surface with nice reflective squares, gloomy, but not as good as on screenshot with airplane and reflection.

Config:
Video: GeForce 6600XT 256
OS: WinXP, SP2

which version do you use?? what is your video card ? I noticed there was a bug with in some shaders which doesn't compile on some platforms with some video cards (with my 9800 SE I had troubles too) but it's fixed in CVS version now.