Transparent text cut out of background

Question

Is there any way to make a transparent text cut out of a background effect like the one in the following image, with CSS?
It would be sad to lose all pr

Answer 1

I guess you could achieve something like that using background-clip, but I haven't tested that yet.

See this example:
http://www.css3.info/wp-content/uploads/2008/03/webkit-backgroundcliptext_color.html
(Webkit only, I don't know yet how to change the black background to a white one)