If you have used gnome-terminal, you would have noticed that you can set the transparency options for the same. I have to use terminal window most of the times, infact I prefer to use the terminal window for most of my tasks. But I'm really annoyed by the way the windows cmd.exe looks. So I was searching for a Transparent Console for Windows, and found this nice little program called console on sourceforge. It has plenty of options for colors, height, task-bar or tray icon, click-to-drag, etc. Little buggy but extremely useful for your command line console needs. As in the readme I set the size to be max but it was not working. But otherwise a cool utility