Terminator is an awesome terminal replacement except for one thing:
Why doesn’t transparency work like it does for Gnome Terminal? If I wanted fake transparency I would switch away from using Compiz.
UPDATE: Looks like I spoke too soon. This is because of a known bug and can be fixed with a simple line in the config file. Well, it could be fixed, except that there is a bug in Terminator 0.91 that prevents the config file from being read.