Easy to use
Despite advanced features, all of them are easy to use. You can manage color depths and image sizes with a mouse click. All drawing tools produce anti-aliased results automatically. You can paint, undo/redo, search for icons in your files, and create new icons instantly by capturing screen areas or opening image files or photos.

Affordable
IconEdit2 is shareware. It doesn't cost a fortune. You can download and try it before you buy. Registration includes free version upgrades (within the same major version) and support.

Features
Easy to use;
Alpha channel (semi-transparency);
Multi-image icon files;
256x256 PNG-compressed Windows 7 icon support;
Capture screen areas;
Search icons in your files;
Multiple Undo/Redo;
Various image filters;
Import/Export as ICO, BMP, GIF, TIFF, JPEG, or PNG.

Whats New :
New features:
- "PNGs for iOS app" image export format improved: new @3x icon sizes added for iPhone 6;
- "PNGs for Android app" image export format added.