DIY Photography has a very good article by Corrie White called The Comprehensive Water Drop Photography Guide. Corrie is one of the leading drop photographers.
Wayne Fulton’s scantips website has some very good information on valves, nozzles and drops.
Tobias Braeuning has a good article about his set up.
Kevin Lewis’s PhotosbyKev website has a another good guide (read the comments) called Water Droplet Photography.
strobist: How to Photograph Water Drops with One Speedlight
Video Tutorial by Daniel Nimmervoll (in German) Wassertropfen Highspeed Fotografie Folge 1
Advanced 3 valve Setup by Daniel Nimmervoll (in German) Mein Aufbau für Wassertropfen Fotos
Other DIY Devices
Ramigrafx has another Arduino based water drop controller with full build instructions.
Photoduino. A multi function camera trigger.
Michael Ross has a comprehensive guide for building a High Speed Photo Trigger based on the Arduino Mega
Here are some of the commercial products you can buy. Most of these are expensive which is why I built my own.
HiViz AstroSplash Drop Controller
MJKZZ water drop photography controller
The Drip Kit
Splash Art Kit
The Time Machine
DIY Shutter Release Cables