How to add transparency in your GNOME toolbars

I've kinda liked KDE for its eyecandy. But since I'm waiting for the stable KDE4, I'm using GNOME in my Ubuntu Gutsy box. I've been hunting for solutions to make my panels transparent but all I came across was an endless list of compiling applications, twinkering with Compiz settings, apt-get'ing a LOT. But never did I really look into it.

You can now make your panels transparent by right-clicking on the panel and selecting 'Properties'. Select the 'Background' tab and select 'Solid Color'. You can now select the color of your panel, and right below that is the transparency slider.

Now, why didn't that occur to me before !!?