Anyone considering purchasing a G5 tower should stay away from the water cooled models, as they have not aged gracefully and are leaking all over the motherboard.
Unless of course you're handy repairing water cooling systems.
Actually they aren't water cooled. The liquid propylene glycol (neon green).
I just took a look at the cooling unit in my dual 2.5GHz PowerMac G5 and it looks just fine. All the rubber pipes are ok, and there are no indications of any potential leakage. At least this particular machine has aged gracefully in this regard.
Obviously YMMV. The liquid cooling systems failed quite a lot, even as much as 20% of certain models within a year. On the other hand many liquid cooled systems are still working just fine. Go figure.
If this system dies I'll just get another.