This allows you to edit icons, cursors, animated mouse pointers and other small images. It supports ICO, CUR, ANI, GIF, JPG, EMF, WMF, TGA and WBMP image files.
It has 50 image filters, including blurring, sharpening and embossing. Effects include linear gradients, radial gradients, rectangular gradients, waves, 3D shadows and 3D buttons.
More info:
hxxp://www.iconcool.com/icon-editor.htm