IconDeveloper is a program that makes it very easy to create your own Windows icons. Intead of trying to include a drawing package, IconDeveloper instead allows users to just import images made by other programs and turn them quickly and easily into icons

Features
Turn PNG, JPG, BMP, and more into Windows .ICO
Change the color of icons
Seamless support for all formats of Windows icons
Integrates with Stardock IconPackager