Backup your original files!!
I did so:
1. Create folder DangerousWaters0
2. Copy installed game to this folder
3. Edit in files dangerouswaters.exe, DWEdit_104_RA_XP.exe: string 'Dangerous Waters" to "Dangerous Waters0" (with out "). Use hex editor
. Don't forget about the null terminator at the end of the line
4. Edit file dw0.reg if necessary
5. regedit.exe dw0.reg