Still experimenting with the water effect, might try something else instead of using the displacement approach.

For those who aren't aware of what I am doing, I'm creating an almost COMPLETE theme for the iPod Touch and iPhone using stuff from the games BioShock 1 and 2.
This is actually part of the loading screen from BioShock 2.
I plan on making the loading screens for the default apps using different color schemes.
I'll put together a collage of images once I get more of this done.