IcoFX - IcoFX is an all-in-one solution for icon creation, extraction and editing.
Icon Editor by RedKetchup - View and edit Windows icons (ICO files) directly from the browser. Create icons in 8-bit, 24-bit, or 32-bit color depth. Extract all the layers of an ICO file as PNG images.
icon sushi - @icon sushi is icon converter that supports xp icons, vista icons, bmp, png, psd, exe and icl.
icoworks - .ico editor for Windows 8 and Windows RT
IconLover - Icon editor for Windows.
Icon Generator - Icon Generator is a little application built on AIR that lets you generate a CS5 or Web 2.