Hi,
I just made a new system for making water man just like the pictures.
The water is moving and the light is reflecting.
The quality is better and as I saved them with .JPG format it reduces the quality.
You can attach the textures to any character you want and you just need an effect from bond1's metro theater pack.
My problem is when I shoot at the characters blood comes out,if anyone can make a water decal for it then I'll upload the textures and the instruction for free for both commercial and non-commercial use.
So before having a good decal I wont release it.
(If bond1 give me a permission I'll attach the .FX file too)
Screen shots:

And dante beast with this effect:

It is really easy to use and with a water decal it will be very beautiful.
Have our guns was a mistake!!!
I am PaYaM