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is there anyway of getting my water to look halfway as good as loopix's easy water without using pixel shaders




Sorry, no. You could try to work with environment mapping, but you'd be still lack of the distortions / waves. Instead you should think about buying a new card, I can hardly believe that you still use a GeForce 2 [or lower], because these cards are so extremely outdated; today's games often require Pixel Shader 1.4 or even 2.0 to run. The video cards today are probably about 20-50 times faster, even one for 100$