Unfortunately, Opacity is a property of Form , not Control . The only way I can imagine would be possible if you yourself typed the shape and used the alpha component in the brush used to paint the background of the form.
Even then, I don’t think this will work, since the desktop layout manager (especially relevant in Windows Vista) needs to know how your form should be composed with the rest of the desktop, and I think that the brush only needs to be transparent with respect to the background of the form, not what’s underneath it.
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