I need a big canvas print of this so I had to reprocess the whole thing.
Firstly, I merged the 6 shots 2 photos at a time, which resulted in flawless merging of the clouds and 'better' merging of the waves. After that I still spent about 20 minutes on the waves. You can only see merging traces at 100% zoom on the 7000*3600 resolution, on the previous one there was merging mistakes everywhere, visible at full view on the 1200*700 resolution...so big improvement there.
Huge improvement on shadows and highlights too. There's barely a blown-out highlight or black shadow, where as the previous one had a lot of both.
Colour and contrast: This version has much less contrast and it has true colour. All I did was increase the black of yellows and reds with selective colour. minor levels adjustments( too much blows out highlights and blackens the shadows).
So overall, a much more natural look. And much more pleasing to look at. I think I'm probably gonna lose fav's with this version because the colours are less interesting. But I'll gain fav's from the people who appreciate a properly exposed and processed nature photo?
Strand, South Africa
Canon 18-55mm @ 18mm
6 vertical shots 
Processing done in CS3
All rights reserved, this may not be reproduced in any way whatsoever.
I've uploaded a big resolution of the old one here: [link]