Firstly I have to say that the shorelines look much more improved. I do however, have a couple problems with the overall look of the ocean now. It seems to be that the ocean is a lot darker and is really hard to see planes below. When I have alt, I also see horizontal lines in parts of the ocean, like the ocean texture has different textures cut and paste on top of one another. Here is a screen shot showing the line(s), it's a very dark capture but you should see what I'm referring to.
Also, the sun reflection on the water is... a little iffy, not very realistic looking on low end. I think the visual problem with it is the perfect vertical white lines that the sun creates and makes the ocean white, it just doesn't look right. Anyways, here's that screen cap of the horizontal polygon lines in the ocean. The most noticeable one is right above Talisman's icon. Thanks for the continued improvements to the new version though, especially for the low end users, it has vastly improved since day 1.

