It would be nice to see Window Borders hiding option in popup when you right click over Terminal, next to Menubar hiding switch. For me it would be convinient since I allways hide borders of my 'irssi' window, since I want it to be "glued" to my background and just be there. I hope you find it useful idea too. If you don't like the idea, just close this.. no hard feelings. :-p
No, I think that'd be confusing. Sorry.