HUD style text editor?

Hi, I'm looking for a HUD style simple text editor for windows as a notepad replacement.

Haven't found anything that would remotely be able to use png transparency.

Any ideas?

well, soon there will be a buzzword version for use with Adobe AIR

it looks pretty well on the browser

but a hud text editor, nope

Not sure if there is anything here worth using but it is a start....