WOW!!! this is friggen amazing phylo!!!
i don't find the water too wavy at all i can just imagine a strong breeze blowing through the valley!
as usual your texturing is top notch especially in the foreground! (It seems to lose a little detail in the mid ground (kinda looks terragen 0.9ish?)
but the background mountains and the overall atmosphere makeup is excellent
so a big thumbs up from me dude