I've been unable to find a good freeware icon editor for some time, but now my search is over.
IcoFX is the absolute best icon editor I've ever seen. It has a beautiful and proffesional looking UI, a complete set of features you normally only find in commercial products, and the ability to convert standard images into .ico-files (a feature I just love). Furthermore it's able to create icons in Vista format in 96x96 px.
It's just amazing how much you get for free in this product.
I highly recommend this and give it 5 out of 5!
IcoFX - The Free Icon Editor
