Fits nicely into the upper-right corner of my screen, right above my icon groups. The background is perfect for me, since I use a plain translucent black box behind my icons, but this thing still has one major flaw I can see:
Why does it use different fonts every time I type new text in?!? Whether I'm typing Japanese with the IME or English text with it off, any new text that gets entered uses a different font, and I either have to reload the widget or reboot to get it to use the correct font. If that could be fixed this would be perfect for what I want to use it for.
Absolutely perfect for my needs. As jon said, put white text on a dark background on semi transparent and it looks great. Its simple and won't clutter up your desktop. Love it!!