Hi Mr. Lightbeer!
As far as I know, the boats are still running. We stayed at the Contemporary and the seven seas lagoon did not look low. There were plenty of boats out on the water, the electric parade was still going on, the small fountains that jump up and down (the one children love to play in) at Epcot where still working.
The large dancing fountains at Epcot and the leaping water in front of Honey, I Shrunk The Audience were the only things I noticed that were shut down.