There is a HelixLauncher2 that has the 2.1 app drawer and whatnot but that requires a Cyanogen ROM aka Koush's ROM. I like my current ROM so I'm sticking with HelixLauncher1.2a which I like A LOT.
I skinned mine a couple different ways. First was smoked glass (lights up blue when dragged):
and then to match my Buuf icons (arrow lights up when dragged):
Both have transparent drawers also.