Here are a couple of homebrew, small scale water wheel projects. One just uses an old squirrel cage blower. It doesn't generate to much power, but keeps batteries charged in a woodland shack. There is more info on the site:
http://otherpower.com/otherpower_hydro.htmlwater-wheel-1.JPG
There are a lot of factors in determining how you're going to maximize the flow you have access to. One major thing is to keep maintenance to a minimum. Water is tough on woods, metals, bearings, and electric parts in general. Corrado, you're right that the generator will be hard to turn. You'll have to do some calculating, it might be worth gearing it down, using a smaller generator, etc. Generally using a single wheel is more efficient than a belt of some kind, but if you have the supplies, go for it.
You do not have the required permissions to view the files attached to this post.