Don't know IPlural, never compared them.

Actually PSP can do 32 bit TGA's (at least 7 can anyway)

You just need to save an alpha channel manually before saving.

Create your image on a layer or layers
Merge to one layer
Ctrl-A to select all
Click the mouse on a part of the image
The whole image gets hilighted without background
Selections->Save To Alpha Channel
Save as a new channel (doesn't matter what you call it)
Save as a tga. If it worked you'll get a warning that it's only going to save one alpha channel.
Note this will automatically set the transparent area to white. You may want to fill a layer with black and put it behind the actual image layer before saving if the translucent image shows too much white in the semi trans bits.

Or you could just use Photoshop!
(sorry Phil )

Yes, we could spend 5 to 7 times the price of PSP7, just so we could save as tga, easier. No thanx ..

Thank you very much Phillip!

I have photoshop.. Don't be knocking it.. It's better if you buy the bundle You save around $100 or more if you do that.

Wasn't knocking it.............. use what you wish, it doesn't matter to me. I've been using PSP for 5 years, and I love it!