Any2icon

Chameleon Icons converts images of any format into Windows icons with just a few clicks. Convert any picture or photo in BMP, JPEG, GIF, PNG, PSD, TIFF format into icons for your Windows desktop, applications, folders, email and ICQ contacts. As it supports Windows XP icons in 32-bit color depth with an alpha channel, you can easily create semi-transparent XP icons. Chameleon Icons is equipped with a rich frame styles collection.