Chameleon Icons converts images of any format into Windows icons . Any images that you find on the Internet you can convert to icons for use on your Windows desktop, in applications and anywhere else.
As it supports Windows XP icons in 32-bit color depth with an alpha channel, you can easily create semi-transparent XP icons .
With Chameleon Icons you can turn any image into an icon with just a few click.
I have used Adobe Photoshop for all my picture needs but now when I wanted to create a favicon.ico icon for my website from a JPEG picture, I realized that Photoshop does save as an .ico icon file!
Luckily I had a small, very light tool that could convert any picture, in any format, into 3 different sizes of icon files. The Picture 2 Icon program , that you can download for free, lets you create icons (.ico file) from any picture that you have.