The Fred drop shadow module has been completely rewritten in the version 2.3. Now the drop shadow on screen, and especially in printing, is very close to other software's drop shadows, in particular, to the InDesign's ones.
For the instructions on how to apply a drop shadow, see Drop Shadow palette.
The soft shadow is now transparent over images.
The soft shadow is now transparent over color gradients.
The soft transparent shadow creates also a text shadow in a graphic frame: