wow danger from the deep has better water modelling then sh3, looks like they use some higher polygon models for the water then sh3 is that shader 2.0??

Well I don't think it surpasses SHIII in any way, but it's Open Source and probably could be used for a lot of interesting things like a Destroyer game etc .. intriguing .. If I just had two lives!

I am sure they wouldn't mind new people joining the project, if they will actually contribute something. So maybe you should talk to them.