Not sure if already reported or existing in previous betas, but the ripple ring effect texture associated with splashes and ships sinking does not clamp to the water's surface, but always faces camera. It is very sprite like and looks like little water domes that surround the ships as they go down instead of the nice bubbling effect that used to b there.
I would post a screen shot, but I'm not on my game machine right now.
Previous official versions did not have this issue that I can remember.
NVidia Geforce 250 GTX 1GB on Windows 7 32bit. Video drivers current at time of post.
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