» Fri Jun 01, 2012 2:30 am
Does it look kind of like this? (I can't post links, so you will need to paste the following line after youtube's normal web address, right after the "dot com" part).
/watch?v=puZftjv7Dds
If it looks like that, there is a thread on these forums called "Update 1.5 Shadows are invisable, move with camera, have lines, Issue possably figured out." That thread talks about the same problem I think.
Some users have had the exact same problem you described with water after the 1.5 patch, so it is possible the 1.5 patch is part of your problem with water (like, maybe you didn't notice the water issue until now? I don't go into water for long periods of time myself, so it took me awhile to notice it).