I checked the older version again.
(didnt read some parts of the thread, so didnt knew that water was also in the previous version)
Anyway, checked it out worked better then the new version and just like you said it can take a while before the water reaches the players height.
After that, it looked very nice! But! It would look better if it had some reflection.
Oh yeah and also, when the water reaches my height i was again flipping, jumping, bouncing and then dying.
I dont know if other people are experiencing the same problem as Mr Bigglesworth and me?