FS SP1 fixed the transparency issue in the aircraft preview pane, exterior shots and in the free flight "virtual" cockpit screen, however, the instruments are still blacked out.  Also, there is no cockpit view at all in the 2D cockpit screen unlike the other aircraft on FSX.., just runway.  Uninstalled and reinstalled 707 twice after installion of SP1 but did not fix issue.

Slowly but surely getting there.  Will load SP2 now to see if that fixes additional problems.  :-/