HappyIcon
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HappyIcon turns large images and photos into perfectly proportioned icon, XP profile iconss and cursors with a minimum of fuss.
Just select a graphic in .bmp, .cam, gif, .j6i, .jng, .jpg, .pcd, .pcx, .pic, .png, .psd, sj1, .tga, or .tif format or else scan a photo.
Then check off the size(s) and color depth(s) of icon/cursor you wish to create.
(That's right, HappyIcon supports multiresource .ico files.)
Press a button, and in just moments you'll have a great-looking miniaturized version of your original image.
It doesn't get much easier than this!