About the impact of bottled water on the environment, allwater.org says:
The bottled water industry causes a severe strain on the environment, but solutions to this environmental damage significantly lessen the quality of water in the bottles.
Not quite the effect we’re hoping for when we uncork a bottle!
Also, take a look at the Web site for Bottle This, a P.O.V. episode on the topic. I found the site especially interesting because it combines hard data with personal stories.
Some might also be interested in the Wikipedia article on bottled water. And for another view the International Association for Bottled Water