Has any yet tackle the horrible look of water when it meets the edge of the ground? The body of water looks great with all the mods out there to enhanced the beauty but, when it gets to the edge where water meets ground or what not looks like graphics from 1998. I'm not asking something like Crysis which would be asking too much but like Morrowind Graphic Extender(MGE) The water shader for Morrowind by Phal, I believe, has a soft water "edge" that looks great.

http://www.gamesas.com/index.php?/topic/1092614-oblivion-graphics-extender-thread-15/ you'll want to keep an eye on for essentially any and all shader development.