I can't speak for their rock and "folk" reissues. . . but Water Records' jazz reissues are da bomb!
I've picked up all their jazz releases (well, if you want to stretch the definition that includes Ayler, Gale, Lancaster and Sharrock!) I love them all. Not just the music, but the remastering is FANTASTIC---in my opinion better than the remastering done by most of the majors. The cover reproductions are beautiful, and the original liners are reproduced in readable form. The whole package speakes of "love" for the music, not of "product." I'm won over to this label, wholeheartedly.
I did a review of the Eddie Gales for AAJ to try to get the word out about these, which I think are great Blue Note releases. . .not reissued by Blue Note, so maybe a bit under the radar. The Ayler I picked up last, and was shocked at how wonderful the sound is and how much I enjoy the music now, when in the past it was not among my favorite Aylers. And the Byard Lancaster is BEAUTIFUL. Wonderful sound both from the musicians and the recording. The Sonny and Linda Sharrock cd, "Paradise," is very interesting. It grows on me more and more. A fusiony band that grooves along, and Sonny and Linda work their unusual magic over the top. . . . I don't think I would have grabbed this cd so quickly if I hadn't learned to value Water releases highly. A real testament to this label, to get you to buy a release because their name is on it. . . sound familiar?
Anyway, I welcome others' comments about this label, and I invite y'all to give them a chance. I'm looking forward to what they may release NEXT!