Pump water out of the exhaust ?? No.

Hydrolock happens because of the compression stroke... pistons try to compress water, which they can't... and shit breaks.

If all the valves didn't close on the compression stroke, then yes, we could pump water out of the exhaust. But... since the valves are connected to the crankshaft via the belts, that isn't going to happen unless you somehow disable the valvetrain in the open position. Then, you run the risk of piston-valve overlap.

Yeah, I plan to have a drop-in K&N with a few additional holes for the intake. I'm sure that if I just get rid of the stock air-pipe that runs right behind the right headlight, i'll be getting enough air in. One thing I'll miss though, is the added sound... but it's worth it to be safe.

The insurance company authorized up to $6,000 in repair. Unfortunatley, it has to be with stock parts, so no building me an all-motor MONSTER while they're at it. It's ok though, I think I'll be stock for the most part anyways. I can't afford the gas to go fast, much less on a very expensive car to modify.