Sorry, but this needs more effort.
First thing i have to say is: repetetive. Sometimes i get pissed because it's too slow or too hard to dodge the incoming obstruction.
Secondly, screw water. I know your point is to give us delayed movement, but i'd prefer non-gliding/slippery movement. The idea of egg checkpoint is pretty cool, but i would reconsider. I wouldn't think about dropping eggs while being attacked by piranhas, weird objects undersea, and whatever- would i? I doubt that. This game is really great if it was tweaked a little. But i still like it.
In the future, just try to make something awesome for not just me, but everyone. great work anyways!