Q2E is undergoing some HUGE changes ATM, and so everything you know about the project will be turned upside down. These are the kind of changes that some people are too afraid to make, and only a couple of mod teams have done it to Quake 1. I can't say any more than that.
However, I have some WIP pictures for you. These ONLY show off our latest water, nothing more, so ignore everything else. Our water now uses fragment programs to distort a real time reflection and it also has diffraction on the surface below. Take a peak:


When the new *stuff* happens, you will all know about it. Until then, just keep checking the forums for the latest news. Thanks guys.