I am using Visual Studio Team System 2008 and see it has an Icon Editor and support for icons (including favicons) rolled into the product.
What I can't seem to find is a good review of the pros and cons of using this tool vs. other methods (both on-line and programs) for creating icons?
Also if one is going to use the tool in VSTS is it easier to create the original graphic in another program and then import it somehow into the Icon Editor?
Finally does VSTS have some way of creating the multiple sizes (what the icon editor calls "Image Types") such as 16x16, 32x32 & 128x128 bit from a single image or does each size need to be re-created from scratch?