I've just changed one file, so that water looks like water.
If you want it, just download the file, unzip it in Elemental\Mods
(it should create a "\gfx" directory and only one file in it, the file that replace Map_Parchment_Tile_Water.png)
Enjoy !
The link : http://dl.dropbox.com/u/5010946/Elemental/MapParchmentTileWater.zip