umm yeah kinda, but you really need an image editor to get it exactly like that.
basically if you’re doing it in flash, you just duplicate the logo, and then reduce the opacity of the object… i think newer flash versions have filters so you might be able to add the blur as well through flash.
but i don’t think there’s greyscale alpha yet, so it’s hard to do the gradual fade away (i.e how it gets darker as it goes away). One option is to make a gradient (white to black) in photoshop and then save it as a 2 color gif so it has to emulate the gradient that way (i forget what it’s called). then you can apply that as the mask, and it’ll KINDA look like its fading, but not so good.
