@Ryan: I totally understand what you are saying. This was also an area of speculation on my part. A definite conclusive answer still eludes me though. I would accept a bit of ghosting if it handles alphas poorly. But in this case, it doesnt even try.
Anyways, Im not giving up yet. I contacted Andrew Murchie @
http://www.enhanced-dimensions.com/wordpress/?page_id=2295
and he was a huge help. Big props to this guy!!
Ill update this thread with the final results on monday.
Thanks again for all your help!