Found this Web 2.0 site which creates animated gifs.
- Background color (any) or transparent
- Foreground colour (any)
It calls itself the “Ajax loading gif generator“; however, it is ironic that it doesn’t behave like an Ajax based Web 2.0 (is this redundant) Web site, since pages are reloaded; nor does it remember the transparency setting.
Anyways, free, fun and useful – win, win all around.