Ok i am showing some experiment with creating water, these examples arent to do with the look but more the flow of water, i am currently experimenting with one emitter, i will post any updates i have on this.
First Test
http://www.geocities.com/utica_2k/pouring_water_01.avi
Second Test
http://www.geocities.com/utica_2k/pouring_water_03.avi
Please remember this is testing the Flow of water and not trying to give it the look.
The .avi files are using Divx Codec