just play around a bit with it. for instance, you can change the position of the point the ripples “look at” and of course the position of the light source.
if your eye isn’t too critical - regarding the straight circle outline shape of the whole thing - it’s pretty neat i think
and again i encourage you to install the newest beta player of flash 10.
i thought about adding another link to a projector-executable because the flash 10 player plugin hasn’t really spread that widely yet. on the other hand it is kind of strange to download a 2.x mb executable just to see a effect designed to run in a browser ;D