yup the msstyles are developed under .bmp files... but not the very cool .png format. and thus no transperancy.... sadly... even if there was... it'll be very ugly.

if u want transperancy for VS u can use Glass2k. it's best if u have the right VS for it.... its a matter of trial n error

stylexp can do that... but it gets retarded at times... n u have to pay for style xp.... sigh.... stylexp only gives 5 depth of transperancy.... but glass2k gives 9 depths of it.... and its free