From what row2k can gather: Water is being pumped in from Lake Marathon, some significant distance away, but it should be full for the JR Worlds this summer. A lot of the buildings wont be ready for the Juniors but the venue should be working well enough, and everything should be in full swing for 2004.
The design is very similar to Sydney; China will use the same design in 2008, except the the return will come in directly behind the start. (The start is at the top of the photo, the finish line at the bottom.)
Expect a tail wind for AM races... the sea is only 500meters from the course.