Using a Boltzmann approximation, we calculate the surface tension as a
function of population density in a momentum-conserving lattice-gas m
odel of immiscible fluids in two dimensions. The calculation, which pr
edicts that the surface tension vanishes below a critical density, is
compared to measurements made from simulations of flat interfaces and
bubbles; the fit of theory to data is qualitatively good. Equilibrium
fluctuations of flat interfaces are also studied. The fluctuations are
empirically observed to be classical, decaying like the inverse squar
e of wavenumber and obeying qualitatively the equipartition of surface
energy.