Shallow water is also really smooth. Watch some footage of speed kiters at the end of their run as they hit the chop in deeper water and start to skip out. But Rowdy's on it, the beef here seems to be about "shallow water drag reducing effect".
I did a bit of digging, here's the rule change at the World Speed Sailing Record Council (WSSR)
www.sailspeedrecords.com/content/view/88/3/"There is much anecdotal evidence about the positive effects on speed by the shallow water effect and certain published study including the effect on fast ferries when entering shallow water and using the effect to "unstick" seaplanes. However in order to obtain some hard data, the Council commissioned the Wolfson Unit of Southampton to prepare a paper on the specific subject.
Their conclusion of this detailed study was that the drag of a planing board is reduced when the water depth is less than the beam of the board, with a possible reduction of 50% in very shallow water of less than half the beam of the board. A water depth of 50cm would be deep enough to avoid shallow water effects.
It was agreed by Council that to introduce a ruling which would require the width of a board to be measured in order to establish the water depth would be impracticable and thus an overall 50cms depth has been introduced, as follows:
"Record claims will not be ratified when, in the opinion of the WSSR Commissioner, the minimum water depth over the whole course is below 50 cms"
It is believed that this depth of water negates the "shallow water drag reducing effect" but does not disadvantage the usage of existing courses that are protected and relatively free from current and waves."
It smells to me like they are just shifting the goalposts so that mega millionaire yachties stand a chance of taking the record from windsurfers who have dug a canal in some French beach, and no kiter with a cheap 9m Bow kite (a Caution Answer is tillmann's choice) and a homemade board can claim 50 knots.