Check it out, we obtained some screenshots of a new PhysX technology demo, done on the new GT300 aka NVIDIA Fermi GPU. The PhysX Fluids Demo shows the performance of PhysX to simulate water and fluid effects by using SPH particles with Navier-Stokes solvers. Different flows and droplets of water do interact, create realistic waves and behavior though surface tension in real-time. The water is created through the simulation of 128.000 particles.
Click on the thumbnails. Update, video added.