This happened on my Nexus 5 running Android 4.4.2.
I created a new Creative world (seed: 1 402 345 840) and went flying around exploring for a couple of minutes. Then I saw black squares in the water like in the first image. The black squares did not go away after waiting some time.
The second and third image show a transparent section of land I encountered. I was able to see caves below the terrain. Even though that part of the land was transparent, I did not fall through when I landed on it.
Upon exiting the game and opening the same world again everything looked normal again.
Forgot to mention: My view distance was set to 50% of the max.
We're closing all issues only related to 0.6, 0.7 or snapshots of any version.
If you think that this issues applies to MCPE 0.9.5 or later, please comment here!