Is the current basic water bugged?

this question was asked 2 days ago by another, but i am having the same problem. i’m using unity 4.5.1f3 and i imported the package water (basic). then dragged in a simple daylight water prefab and i get this
http://www.freddyhard.com/download/WaterBasic.jpg

No, it works for me. Try using Water Pro and if you don’t have unity pro goto the asset store and get a water texture