This was taken with the 30/01/02008 renderer. What looks like the reflection of smoke in the background over the water is actually present on almost every map with water in it. Sometimes even two instances.
8800GTS 640MB, 169.21 ForceWare, Perfect settings
My IL-2 nHancer profile, just in case:
http://rapidshare.com/files/88477097...nhprofile.html
On the upside, the black spots and outlines are fixed for me.