PNG transparency finally in IE7 w/o having to use hacks

Wow, I found this to be a good read on PNG transparency in the upcoming version of Internet Explorer 7. A developer (Sam Fortiner) from the Internet Explorer team now has a blog and explains all.
Wonder what this means for the community when IE7 is released to the masses. hmmm. ;)
Check it out:
http://blogs.msdn.com/ie/archive/2005/04/26/412263.aspx