The water faucet (actually a garden spiket) used 1 "Pipe Deflector" with a single emitter inside facing the direction of flow. I had to play forever to get it to fall correctly (there are new variables available AFTER you have created the geometry....this is important, because gravity and a few others are list there, I believe)

I used 1 circular 2d METAFORM for the pool of water.

For the splash, I simply used 4 emitters at the surface of the pool facing in different directions. They sprayed highly varied amounts.

I can't show the render that I used it in (NDA), but I will try and use it in another picture tomorrow (gotta go to sleep now:)

Hope this helps.

eric