I just got the new version 1.05 and the water is glitchingt like crazy there is a rainbow of colours flashing in the water at all times
I'm also having this problem. The water flashes multiple different colors when you're moving. It doesn't seem to happen for me when you pause the game or hold still, but it's still a pretty obvious issue. Here's a screenshot if it helps: http://imgur.com/YDbB2Aq