This isn't new by any means, but I thought it might fun to share once more.
When the gel button was first introduced, I decided to try and duplicate it and this image is how it turned out.
People wanted to know how it was done, so I made a tutorial:
Button TutorialAlong with the tutorial, it seemed appropriate to share this:
Stuffed Photoshop Document However, I am having some problems with making my button transparent.
I didn't understand your tutorial regarding that issue.
I have uploaded my button so you can see what I mean.
Without the transparency it still looks cool, but lacks the "Aqua"-effect.
One more thing. Which version of PS did you use? My PS 7 looks completely different. It took me some time to figure out what to do in my PS's menus.