RealWorld Icon Editor is a complete solution for icon authors offering multiple ways for creating of XP, Vista and Mac icons and for managing icon libraries. Even people without artistic talent can create professional icons in RWIE, because the application integrates a simple 3D graphics editor, which takes case of naturally looking materials, perspective, lighting, and shadows and allows user to employ the trial and error approach. The new version introduces support for ICL files, can save files to a database and attach tags (~poor man's WinFS) and has a redesigned raster image editor with features unseen in another icon editors.
Download: RWIconEditor32.msi | 15.5MB | Shareware: 34/89 USD (native 64-bit edition available on the homepage)
Screenshot: A star icon. | Pile of books in 3D and as an icon.
View: RW Icon Editor homepage
Video: Power cell icon tutorial.