Tried your image Bootlicker, still the same. I have tried the object in DB and get a different look but no transparency, just a dark blue pod instead of a cyan one.
Vortech, I edited the transparency in the entities properties rather than going into the file directly. It seems to have altered it afterwards when look at the fpe file. I do delete the dbo,and bin files each time I retry to convert, as I am guessing fps is making those itself and using instead of the .x files etc afterwards. Perhaps if I put the object up as well people can try it?
I include an image from DB pro, showing the difference between modes at present. Not that it ever looks like that in FPS creator, just shows the transparency is doing something to the bubble, just not exactly sure what lol.
http://s6.bitefight.org/c.php?uid=103081