Context: Bipolar morphologies in planetary nebulae (PNe) are believed to be closely linked to binary central stars. Either by collimating a fast stellar wind or by driving a jet via accretion in the central system, dusty torii or stable disks may be crucial ingredients for the shaping of PNe. Aims: We study the dust distribution in the very young proto-planetary nebula (PPN) IRAS16342-3814, also known as the Water Fountain Nebula, which is known to show strong bipolar characteristics in the shape of two reflection lobes, and high-velocity collimated molecular outlfows. Methods: We use the new mid-infrared (MIR) instrument VISIR on the Very Large Telescope (VLT) both in imaging and spectroscopy mode at wavelengths from 8 to 13 μm. Results: We present the first spatially resolved MIR observations of a dusty evolved star obtained with VISIR and find that the improved spatial resolution contradicts previous claims of an elliptical brightness distribution at the heart of IRAS16342: we find the waist region to be dark even in the MIR. We show that the filling angle of the obscuring dust lane, which is made mostly of amorphous silicates, is very large, possibly even close to a spherically symmetric superwind as seen in OH/IR stars. Conclusions: We conclude that, in contrast to the multitude of recent dusty-disk detections in post-AGB stars and PNe, IRAS16342 does not show this extreme equatorial density enhancement, at least not on the scale of the dusty environment which lends the object its IR appearance. Rather, it appears that the observed precessing jets are shaping the bipolar nature in the remains of a spherically symmetric AGB superwind.