Sorry with the late response. If you're referring to BodyStudio, then yes, it imports transparencies and even has a free extra plugin that imports the Poser 5 dynamic hair. Other than that, it imports smooth if your computer can handle the extra weight of the model in the 3ds environment (make sure you have good amount of RAM), but the same is true with importing an OBJ. The difference here is, since Bodystudio imports the actual PZ3 file it will also import animations created in Poser, and doesn't screw up the transparencies or textures for things like the eyelashes or eyebrows (something OBJ tends to do). I usually model most of my figures from scratch, but when I'm in a pinch for time, or just want to play around with textures and effects, I'll import a poser figure with BodyStudio, and it works nicely.