Per-Pixel Alpha Transparency?

[Maximus1001]

I'm trying to create a program using Visual Basic .NET 2010 that alters the use of my media keys - Volume up, Volume down, Play, etc. All of the example I have found don't seem to compile quite correctly in 2010. Don't get me wrong they run fine and look exactly as specified but the problem is that the form cannot be edited because it claims the designer code is ill-formatted or something along the lines of that.

Can anybody possibly spare a project or form that has perpixel alpha transperancy?

The only thing i want to do is show an overlayed png that has an alpha channel, on the desktop. The form border style will most certainly be "NoBorder"

Thanks!