The resolution is too low. Get it higher and it should look good. The Black part, its beacon the view views a out bound thing. turn it a little more to the left and it should be ok.
ADDITION:
And for the 3rd time: HOW do YOU do WATER??!!!!!

ADDITION:
Comon, I'm shure someone know.... You all but water on you project. Why isn't anyone telling me... And yes, There are people readin this:
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4 Members: ChaosRyder, CaptainWill, DuRtY-WisH, AqoTrooper