well lads and in the small case ladies its true this is another F1 wannabe
right now i got a new F1 concept dont worry it wont be long before u get some model looks but for now this is all you get.
http://members.lycos.co.uk/blastzone03/f1concept.jpg
the bit you see extending from the bottom of the central pod is a hydrofoil…
ok first bit of moddeling i think i need to make the pod a little longer
okies sorry about the slow progress so far i been doin my exams lol ok here we go this is a little better.
ok u can reply if u feel like it now lol
it looks cool. 
it looks a little like some star wars inspired vessel
yeh come to think of it the engines are a bit podracerish…
i got the idea from those superlightwaeight speedboats they use a sort of turbine engine
so i kinda invented one
Looks great.
Are the engines going to be in the water? If so, you may want to put them all the way under instead of sticking half way out. The force of the water entering the engines would rip them apart.
BgDM
Cool 
but we want volumetric water, with model slowly fading away as depth increases
Stefano
yeh the plane is just there to represent water lol
and the boat is stationarry in the pic its just waiting for the driver
and i got a bit mode of an update its basically designed so that the engines point down into the water when its in motion and control surface asn the rear engines keet it in balance
ok so here we go again i fiddled with some of the parts and added a bit more, just experimenting with colours no textures as yet…
look good, I realy like it 
just one tips about the current presentation, you got too many spot light for this scene, it make the f1 too bright I think. With a better lighting setup the presentation would be very good and would make it look even better.
Keep it up! You have a lot of chance in manking the top 3 if you keep adding detail