If your computer cant support hi def water and your using the purple water fix because you turned off the regular water to run the game, then you need this!
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This is a better version of the "purple water fix" for people who had to turn off the regular water and use a replacement texture to run the game. The old one looked like a cartoony blue, and this new one looks like real water.
To install, extract it from the compressed folder. Then go to C:\Program Files\Bethesda Softworks\Oblivion\Data\Textures\water then delete the old one and put this new one in its place.
Tell me if it doesn't work!
I can't take credit for this because I just got the image from google and turned it into a dds file.