No, no water in the oil, turns out the oil pan actually was full, it was just so clean and new that i couldnt see the line on the dipstick, but it's obvious there is no water or coolant in the oil. My radiator is empty, which seems to mean that all the coolant went through the cylinders and blew out my exhaust manifold, hence the smoke and dripping antifreeze. I have a guy looking at it right now, he's taking out the plugs and seeing how high the cylinder heads go to see if I bent a rod or not. Fingers crossed!!!