Matt,
Just to show what I mean.
This glass is 'tinted' transparent (remember you can have any glass colour you want - green, yellow etc)
In the following , the top half is the colour used for the glass and the lower half is the colour of the alpha channel.
By the way, in the experiments I've done, the best bmp to use for transparent glass is 16 bit 444
Hope this is useful.
Roger