I am interrested in the same, beeing able to measure the preassure in of my water system.
I was considering using a simple unit that you can find in many OC webshops:
http://www.microplex.no/rubweb/varer.asp?ARTNR=AC53021
It allows water circulation to be translated to rpm, and input on a regular fan sensor.
More water pr. sec = the turbine spins faster = more rpm.
But, am I correct in assuming that if the turbine spins twice as fast as earlier, the preassure has also doubled? is it linear like that? If so, it would only be a matter of finding out how many rpm = 1psi, and you could easily calculate it from there. You need to have some real equipment to find out the rpm/psi ratio first though =/
-Stigma
EDIT:
Huckleberry, (pure)water is not very conductive, but it IS very affected by magnetic fields. This is because water molecules are polarized (one side of the molecule has a significantly more positive side, and the other has a significanly more negative side). If you've been through basic chemestry, you might remember =) In other words, you shouldnt have problems with water.
microwave ovens are actually based on the whole fact that water is very easily affected by magnetic fields.