No masking, no channels.I tried to explain it above, but maybe it didn't come out so straightforward. I draw all the reflections with the pen tool in Fireworks, or sometimes Illustrator and bring them in. My method for getting the reflection correct is to fill the shape with a gradient from white to black, white at top, black on the bottom. Then setting the shape to screen mode. This is the same in Fireworks and Photoshop, but may not exist in Elements, I don't know. In Photoshop, it's a dropdown on the Layers pallette that has a bunch of options like multiply, overlay, darken, screen, etc. Screen mode forces the black to drop out of the graphic, giving you a gradient of translucent white to totally transparent. After that, you just need to fiddle with the gradient until you get exactly what you want.
I'm sure I could help you on the widget. I do pretty much use Fireworks for this stuff though. I don't know if we'll have issues going back and forth.