Yes, you can make the similar menu effect in normal screen mode, but you need to use photoshop or other image-editing tool to create the menu images in advance, then you can add the menu on the skin or in a pop up window.
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... and the default fullscreen menu of TW3 is made with Action Script 2 where as the default fullscreen menu from TW4 is Action Script 3 and these are not interchangeable.