Justin Sure, it's gnome-terminal launched at startup with a specific profile (for the transparent background and window name) and sticked on desktop via devilspie2 with a simple script:
if (get_window_name()=="desktop-terminal") then
set_window_geometry(25,0,700,600)
undecorate_window()
set_window_below(true)
set_skip_pager(true)
end
