FYI: Transparent PictureBox?

Not really transparent, but a "fun" project using a transparent usercontrol (UC) that acts as a proxy for a picturebox. The UC prevents need for subclassing. It gets paint events from the Form and the UC then updates the picturebox. In short, a niffty little hack to make a picturebox appear transparent. Think some of you might like this & it is quite simple too. Feel free to expand on the idea.