Howto: Completely Transparent Shell on your Ubuntu desktop with Compiz Fusion

I will show how to create a conky'esque transparent shell using only gnome-terminal and Compiz-fusion. Check out the attached screenshots.

First create a new profile in gnome-terminal (Edit->Profiles->New), name it "trans". Set the following characteristics:

Cursor blinks: off
Show menubar: off
Initial title: trans
Dynamically-set title: Isn't displayed
Color scheme: Black on white