Don't get me wrong...I like the splash animation when moving...Very cool. I assume there is a sound effect, but if not I can help you put one in there like the crunch sound that happens on snow.
I have thought of a way to give the effect that you're shin-deep in water when standing. There is a graphic in the game files itself that is the "water". Maybe super-impose that over the character's feet for when the character is standing still.
If you need any assistance, let me know and I'd be happy to help.
Regards,
~B