Ya, simple water text at 2 in the AM. No real skill required, very simple process. The 'wateryness' of it could definitely use work, but I'm not going to spend the time to do that this early/late. All from scratch except for the background stock.
That looks dayum cool. However, you should break up the flowing water a bit more, it's kind of unrealistic.
the water drops should be more bubbly, more 3d and roundish. It looks like bevel/embossed shapes/text. Other then that, it looks great.
I know, what i meant was it to look something like this... I think if you made the bubbles flow like this and not look stationary, it might help it.