Greenfish Icon Editor Pro is a professional tool for creating icons, cursors, and other small pixelgraphic images. It has a wide range of features, can handle ICO/CUR/PNG/XPM/BMP/JPEG files, can create Vista(tm)-compatible, PNG compressed icons and has many filters including Drop shadow, and glow and bevel. Layer support with advanced selection handling makes it a really professional and unique freeware tool for designing pixelgraphic images.
What's new in this version:
Version 3.1 fixed bug where batch conversion dialog misinterpreted file type and minor bugs.