A tranparent gif will cause the image to lose TONS of quality. Adobe PS4.x can't do png (not transparent anyway). Best bet is to upgrade or find another program. By the by, if anyone finds a free closed source or any open-source win32 program that can export transparent pngs, please let me know, I've been hunting without luck, and am about to start porting the libpng to my programming language of choice, Euphoria, which should prove to be a daunting, frustating, and nearly herculean task, considering how new I am to programming.
I was away for a while.
But I'm feeling much better now.