Negative refraction is known to occur in materials that simultaneously possess a negative electric permittivity and magnetic permeability; hence they are termed negative index materials. However, there are no known natural materials that exhibit a negative index of refraction. In large part, interest in these materials is due to speculation that they could be used as perfect lenses with superresolution. We propose a new way of achieving negative refraction with currently available technology, based on transparent, metallo-dielectric multilayer structures. The advantage of these structures is that both tunability and transmission (well above 50%) can be achieved in the visible wavelength regime. We demonstrate both negative refraction and su...