How to skin UI using Forms?

I'd like to know if is there a way to "skin" a Form and every widget used inside it. Images should be on background and other elements shall be setup accordingly.

In short, a way to implement a way to display the same Form in different flavors (i.e.: theme and eyecandy UI).

DevExpress makes a WinForms control suite with an excellent selection of skins.

Telerik also provides WinForms components with theme support. I've used their library and it works fine.