Ha finally a guinea pig.
I specialise in modding nVidia drivers to enable ALL tweaks.
I have as of my version 30.xx INFs enabled this setting, you are after (OverlayMode3)
If you're keen have a look here
http://www.laptopvideo2go.com under 'modified INFs' are a whole heap of drivers and modded INFs to go with them.
Get a driver and/or an INF with version 30 or higher (desktop support), replace original INF with modded one and install (uninstall first is recomended).
Overlay gamma is disabled by default with nVidia drivers, I found the setting to enable it, and is enabled by default in all my INFs (v30+)
I can't test this setting, so would be very interested if it actually works as it's supposed to.
Enjoy
Pieter.