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as you have heard Insomniac announced just now "Ratchet and Clank : A  Crack In Time" but also

Insomniac releases an Opensource program for their Water Engine to the public FOR FREE!

 

http://blog.us.playstation.com/2009/03/26/gdc-09-attention-future-developers-insomniacs-got-your-back/

Thats really a nice offering for new game developers and knowing the water system of Resistance is awesome.