CursorFX - Create custom mouse cursors with CursorFX.
IcoFX - IcoFX is an all-in-one solution for icon creation, extraction and editing.
RealWorld Cursor Editor - Create cursors for Windows, convert images to static or animated cursors, or customize your cursor.
IconsExtract - Extract icons and cursors stored in EXE, DLL, OCX, CPL files
Art Cursors - Cursor Editor.
JDraw - Open Source SF.net