Desktop icon transparency?

I doubt there's a way to do this, but can you somehow make the icons on the desktop partially transparent? I just think it would be kind of a cool effect.

Like, with the gadgets, you can set their transparency, and when you hover over them, they become fully opaque. That's what I'm looking for.

Object Desktop has an icon app that can do that. I used it in XP. Don't know the compatibility status.

Real World Icon Editor can do this and is compatible with Win 7


Just load your icon file. Then select Effect > Transparency.
Use the slider to adjust Alpha.

Desktop Icon Toy does have some hover effects but I don't believe opacity is one of them.