Welcome back and welcome to SUBSIM
ROW or Reflections on Water is what you are seeing, although UBI did improve the graphics in 1.4.
http://www.subsim.com/radioroom/showthread.php?t=122408
Check out the 1.4 compatability thread as far as mods.
http://www.subsim.com/radioroom/showthread.php?t=126875
Maybe do a couple of installs and try out a few of the mods and decide for yourself.
RDP