True per-pixal alpha transparency can't be implimented in any of the core modules due to the fact that they would no longer fuction correctly in a windows 98/ME enviroment.

Layercut.dll does a really good job of doing that for 2K/XP systems running litestep, but so far that's the only module that I know of that makes use of per-pixle transparency.. No more magic pink thank god!

I definatly hope module authors consider this feature in future releases.