Just downloaded the alpha release of 2.4 and was very happy to see fluid dynamics. Played around for about 30 minutes and came up with this: Video here.

Sorry, but I'm not very impressed with it. It basically looks like some particle metaballs interacting. Okay, you shouldn't look a given horse into the mouth, but I've seen far more convincing implementations.
It might be just that you set the wrong parameters though :)

It's the very basics, very low resolution settings.
I'm just happy and wanted to share that it's in there now.

And no metaballs, I hate those things [grin]