Emulator

What steps will reproduce the problem?
1.Boot SMS with either DX or OpenGL
2.
3.

What is the expected output? What do you see instead?
water just shows up as white and the brown slime/goo doesnt show up at all
the only way you know your going through it is when you start slipping
while trying to run/walk making some levels very hard to play

What version of the product are you using? On what operating system?
R4897 x64 on windows 7 x64 ultimate

Please provide any additional information below
i tried with both IL and nonIL options checked and with dx9 and opengl it
doesnt make any difference, the water remains white and the brown slime is
still missing. i tried to take some screenshots but even tho there was a
brief pause like normal when taking shots there were no pictures in the
screenshots directory which might indicate a problem with the screenshot
function.

i did a search to check for the missing water issue but none came up so i
hope this hasnt already been reported.