Hi, there !
I´ve tried the Bitmap Opacity Masking Example.
Get it from here:
http://msdn.microsoft.com/en-us/library/dd372307(VS.85).aspx
The >Bitmap-Opacity-Mask< is always opaque and not transparent, I see no checkerboard thru.
e.g. tried loading 8bit,32bit,straight,premueltiplied,tif,bmp for it.
Maybe you know how to fix this, ...