Problem with water appearanceFollow

I am back to EQ2 now, and I am having a problem that I had before. Whenever I see water, no matter how big or small it is (wether an ocean, or the water in a cup), it just looks like a bunch of mirrors, reflecting back smaller versions of the screen. I can tell it is a bugged graphic effect, and I don't know what to do. Re-installing did not fix it. Before, it just seemed to go away eventually, but then it would still sometimes crop up again. Has anyone else had this problem? It causes a major hit to performance whenever a large body of water is on the screen, due to the rendering of all the smaller versions of the screen in the "mirrors" were the water should be. It's very distracting to.

Ahhh, Thank you :) I am set to about mid-range now, leaning a bit more towards "Performance" then "Quality". I have a GeForce 5700le, with 1gb of RAM, and a 2.66gHz CPU, so I would not think it would be computer problems. Well, I will try that when I get home from work tonight :) Thank you!