Windows 7: Transparent command window? [duplicate]
Solution 1:
Take a look Console. It's an open source replacement for the windows command shell terminal that supports many interesting features, including transparency. Not sure if it will work on Windows 7, but it's worth a try.
Solution 2:
GlassCMD works on Vista and Windows 7:
and unlike the terminal on UNIX and UNIX-like systems that ship with GNOME/Sawfish, behind the window you can see other open windows as well, not just the wallpaper you have set.