Looks cool! very aggressive! Don't worry about water, it will evaporate from the heat before ever hitting the motor. I ran a twin intake with both breathers literally PRESSED against the front mesh grill on my SRT6 for 2 years and tons of torrential rainstorms with ZERO issues. you'd have to literally submerge your intake in a pool of water.
Also, you can simply put a K&N dust cover over the filter if you're still nervous about it....