I was having trouble implementing the decorator as it stood in Paya's answer, so I show how it can be wrapped in a complete, ready-to-use style resource that can be applied to any label, which will display the glass effect, and will also dim the label when disabled and preserve the alignment, border, etc.:
<Style x:Key="GlassLabelStyle" TargetType="{x:Type Label}">
<Setter Property="Template">
<Setter.Value>
<ControlTemplate TargetType="{x:Type Label}">
<Border BorderBrush="{TemplateBinding BorderBrush}"
BorderThickness="{TemplateBinding BorderThickness}"
Background="{TemplateBinding Background}"
Padding="{TemplateBinding Padding}" SnapsToDevicePixels="True">
<Grid>
<Decorator>
<Decorator.Effect>
<DropShadowEffect BlurRadius="7" Color="White" ShadowDepth="0" />
</Decorator.Effect>
<Decorator>
<Decorator.Effect>
<DropShadowEffect BlurRadius="7" Color="White" ShadowDepth="0" />
</Decorator.Effect>
<Decorator>
<Decorator.Effect>
<DropShadowEffect BlurRadius="7" Color="White" ShadowDepth="0" />
</Decorator.Effect>
<ContentPresenter ContentTemplate="{TemplateBinding ContentTemplate}"
Content="{TemplateBinding Content}" ContentStringFormat="{TemplateBinding ContentStringFormat}"
HorizontalAlignment="{TemplateBinding HorizontalContentAlignment}" RecognizesAccessKey="True"
SnapsToDevicePixels="{TemplateBinding SnapsToDevicePixels}"
VerticalAlignment="{TemplateBinding VerticalContentAlignment}">
</ContentPresenter>
</Decorator>
</Decorator>
</Decorator>
</Grid>
</Border>
<ControlTemplate.Triggers>
<Trigger Property="IsEnabled" Value="False">
<Setter Property="Foreground" Value="{DynamicResource {x:Static SystemColors.GrayTextBrushKey}}"/>
<Setter Property="Opacity" Value="0.5"/>
</Trigger>
</ControlTemplate.Triggers>
</ControlTemplate>
</Setter.Value>
</Setter>
</Style>
If the style is in your window or app resources, then you can apply it like so:
<Label Style="{StaticResource GlassLabelStyle}"
And while I'm at it, I encountered an issue with TextBox's too, where you simply cannot alter the background color when the control is disabled (it just keeps reverting to white) so someone figured out that you have to override the entire template! See (https://stackoverflow.com/a/3752517/88409). So here is a ready-to-use style that will make a text box translucent when disabled (looks great on glass) and will make its background a semi-translucent white with a more visible border when enabled:
<SolidColorBrush x:Key="DisabledBackgroundBrush" Color="#01000000" />
<SolidColorBrush x:Key="DisabledBorderBrush" Color="#40000000" />
<SolidColorBrush x:Key="DisabledForegroundBrush" Color="#88ffffff" />
<Style x:Key="TextBoxStyle" TargetType="{x:Type TextBox}">
<Setter Property="Background" Value="#88ffffff"/>
<Setter Property="BorderBrush" Value="Black"/>
<Setter Property="Template">
<Setter.Value>
<ControlTemplate TargetType="TextBox">
<Border Name="Bd" BorderThickness="{TemplateBinding BorderThickness}"
BorderBrush="{TemplateBinding BorderBrush}"
Background="{TemplateBinding Background}"
SnapsToDevicePixels="true">
<ScrollViewer Name="PART_ContentHost" Background="{TemplateBinding Background}"
SnapsToDevicePixels="{TemplateBinding SnapsToDevicePixels}" />
</Border>
<ControlTemplate.Triggers>
<Trigger Property="IsEnabled" Value="False">
<Setter Value="{StaticResource DisabledBackgroundBrush}" Property="Background" />
<Setter Value="{StaticResource DisabledBorderBrush}" Property="BorderBrush"/>
<Setter Value="{StaticResource DisabledForegroundBrush}" Property="Foreground" />
<Setter TargetName="PART_ContentHost" Property="Background" Value="{StaticResource DisabledBackgroundBrush}"/>
<Setter TargetName="PART_ContentHost" Property="BorderBrush" Value="{StaticResource DisabledBackgroundBrush}"/>
</Trigger>
</ControlTemplate.Triggers>
</ControlTemplate>
</Setter.Value>
</Setter>
</Style>