I've noticed that with this setting on, the sky is reflected in the water (as expected), but whenever I move my character the sky reflection moves in very odd ways that make it look completely wrong. This is especially apparent when my character jumps, and the sky reflections jump around wildly in the water.
Is anyone else getting this issue?
Video showing off the problem:
http://www.youtube.com/watch?v=VLsqYdGPwt4&feature=youtu.be

