Hahaha... That would have been the smart thing for me to do, the problem was I didnt have anything to paste since the docs said that it used the Exact same syntax as Shortcut2 and I know I had written it perfectly... problem was that it acted Exacly like it said, like Shortcut2 which doesn't have alpha support.

Well, I've looked over things a few times now and I think I was using an old version of xLabel.. like 2.8.5 or something like that. In it's documentation it has a replacement for Shortcut2. It looks to be removed in the newest version.

xLabel works perfectly for shortcuts with alpha though. I've started moving things over to it and kicking all the shortcut junk. Label just does exacly what I want it to. Woot.