Sounds like are looking for a carousel feature for you component. Winforms were not intended to be animated. Fortunately some companies have worked on products that support animaiton in this area but most are moving to the Silverlight and WPF platforms for those updated features. As a reader of MSDN Magazine I often come accross some interesting advertisements of Winform components that are quite interesting. Please take a look at this link. The cost of the product is quite high. If this is not what you're looking for I would appreciate if you don't down vote my suggestion.
Telerik Sample Applications using Carousel feature in Win Forms