PicoZip is an award winning file compression utility that runs on all 32-bit Windows platforms such as Windows 95, 98, ME, NT4, 2000 and XP. It is extremely easy to use, yet contains many advanced features that helps you create or unzip Zip files, as well as most other popular archive formats like RAR, ACE, LHA, JAR, etc. PicoZip is compatible with Zip files created by WinZip, PKZip and others.
More info:
hxxp://www.picozip.com/

Screenshots:
hxxp://www.picozip.com/screenshots.html