My aim is to not have labels with adjacent textboxes. I need to save space(width wise). So I envisage having a TextBox which will have text for eg. 'Enter your name' in light gray colour. The moment the user clicks on it, the text should vanish.
The example you gave has an image in the backgroud. That's not what I want. But the example form (frmTextBoxBack) mentions VBAccelerator. :) In fact I want to use the above style with the VBAccelerator's SGrid2 control!