Agree, however I'd be ok with this being fixed in a patch. I can deal with this little detail. I would hate to see the engine delayed because of this.
+1 DCSW is an on going project. There will always be room for improvement in features and effects. I don't think the scaling of the waves should be a show stopper to release...unless you're skimming the surface of the ocean and a wave smacks your plane down! :D