Although H2O has been the focus of a considerable amount of research since
the beginning of the century, its peculiar physical properties are still no
t well understood. First we discuss some of the anomalies of this 'complex
fluid'. Then we describe a qualitative interpretation in terms of percolati
on concepts. Finally we discuss recent experiments and simulations relating
to the liquid-liquid phase transition hypothesis that, in addition to the
known critical point in water, there exists a 'second' critical point at lo
w temperatures. In particular, we discuss very recent measurements at Tsuku
ba of the compression-induced melting and decompression;induced melting lin
es of high-pressure forms of ice. We show how knowledge of these lines enab
les one to obtain an approximation for the Gibbs potential G(P, T) and the
equation of state V(P, T) for water, both of which are consistent with the
possible continuity of liquid water and the amorphous forms of solid water.