I have often wished the Tablet PC text input panel (TIP) could be made semi-transparent so I could still see what’s in the windows underneath. While this is simply for convenience sake it is a very handy thing if you ink a lot. I did a lot of research and found a program that (among other things) lets you make any window transparent, even the TIP.
Actual Window Manager is a complete windows utility that lets you assign various properties to any window you wish. You can assign default properties for minimizing and maximizing the windows, screen placement and of course, transparency levels. Each window can have unique settings and AWM puts some extra icons up on each window near the close window X that provides additional functionality. Using these icons you can pin a window on the screen, roll the window up so only the title bar remains, minimize to the system tray instead of the taskbar, and quickly make the window semi-transparent with a click of the pen or mouse. The window configuration utility gives access to many settings that can be tailored to your liking for any window. This is a very useful utility and reasonably priced at $39.99 for the full suite of window utilities. Very useful for Tablet PC owners and worth a look.