Microangelo Toolset includes everything you need to create icons and cursors, edit, animate, view, explore, scan, extract, replace, and eliminate duplicates. All Toolset components support the new, high-resolution icons and PNG compression introduced in Windows Vista.

Create and Design
1. Create and edit images in all sizes and color formats, including 256x256 (hi-res) images for Windows Vista.
2. Studio's precision tools are specifically designed to create outstanding miniature graphics.
3. Create custom gradients with unlimited colors and transparency levels.
4. Draw smooth anti-aliased edges
5. Paint with adjustable opacity, and add dithering/dodge/burn effects
6. Preview window displays the actual size image and "real time" results while creating icons or cursors

More
1. PNG compression for any icon image format.
2. Import PSD, PNG, JPG and BMP graphics

The license of this software is Free Trial Software, the price is $49.95, you can free download and get a free trial.