I have made a soft diagonal wipe using Animatte before.
Its sort of complicated to describe but pretty easy to do.
I think what I did was add the incoming video to a new video layer and apply the Animatte effect just to the overlapping portion which was the duration of the required wipe.
Then draw a diagonal line from the required corner to corner in Animatte using the poly tool. Then to complete a triangle shape I drew outside the frame linking the start and end positions.
So I had drawn a right angle triangle with the horizontal and vertical line outside my frame and the diagonal across the middle.
Its important to make this triangle big enough to allow you to move it without your straight edges becoming visible.
Then feather the edge to give the required softness.
Then just key-frame the triangle you have made so that the diagonal starts in one corner and ends in the other. You might need to expand the triangle in size a bit as you do this to give the illusion of just the diagonal moving or the straight edges will become visible and you need to keep them outside the frame.
That's it you should then have a soft edge diagonal wipe.
Probably another way of skinning this particular cat but that worked for me.
If my rambling explanation does not make sense let me know and I can email you a project with just that effect in.
(I have v5.51 though so not sure if that would give compatibility issue with 5.03.)
best wishes
Neil
http://www.patience.tv