Augmenting default controls with inheritance doesn't work, is there a fix?

[Dave L]

I want to augment a standard control like this:

public class MyButton : System.Windows.Forms.Button
{
public MyButton()
{
this.FlatStyle = System.Windows.Forms.FlatStyle.Standard;
}
}

Then I want to change, for instance, the color from LightBlue to Blue for
all the places where MyButton is used by changing a line in the constructor
to:

this.FlatStyle = System.Windows.Forms.FlatStyle.Flat;

However this does not propagate to all the places where MyButton was used.
VS automatically adds this line of code in InitializeComponent() every time
the button is dropped onto a form:

this.myButton1.FlatStyle = System.Windows.Forms.FlatStyle.Standard;

The above line overrides my constructor style change.

Is there a way around this problem so that I can use MyButton everywhere and
easily change the attributes so that all instances use my new settings?

I'm using VS .NET 2002, if that makes a difference.

Thanks.