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This is a panel, first of all. Therefore, it has all the advantages of a panel, plus some nice little features.
You'll just have to include the component in your toolbox and use it.
The only property that is a bit special is the
Colors() property. It is a collection of items and has design-time visibility in the property grid. I'm still trying to achieve transforming the color name that appears in the property grid in a nice drawing... If anybody knows how that can be achieved, please, please, please, let me know