Dear Mouser,
it seems that the topic at:
http://www.imageen.com/ieforum/topic.asp?TOPIC_ID=283
describes a different problem.
In fact, using current version, now you can do:
ImageEnVect1.IEBitmap.AlphaChannel.Fill(128);
ImageEnVect1.AddNewObject(iekBox, Rect(10, 10, 100, 100), clRed);
ImageEnVect1.CopyObjectsToBack();
ImageEnVect1.RemoveAllObjects();
ImageEnVect1.Update();
The box is displayed correctly, even if the background has 128 (50%) transparency.