Transparent text

A CSS1 example at the W3C showed a mock Wired cover.  One thing I noted
about the idea, is that often, when looking at real Wired covers, the
letters are inverted, in that what was the letter color becomes the
background, and the letter color becomes transparent...

Is there any support for transparent text in CSS?

(I am sure Windows could never support the option, unless some one
would think "We can just use the returned font bit map as a mask!"
(duh! :) (don't forget the smoothing alpha too!)

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