Rate and diversity impose a fundamental trade-off in space-time coding. High-rate space-time codes come at a cost of lower diversity, and high reliability (diversity) implies a lower rate. We explore a different point of view where we design high-rate space-time codes that have a high-diversity code embedded within them. This allows a form of communication where the high-rate code opportunistically takes advantage of good channel realizations whereas the embedded high-diversity code ensures that at least part of the information is received reliably. We explore this point of view with design issues, along with some preliminary progress on code constructions and some information-theoretic considerations.