I'm experiencing some strange issues with Icon Packager 5 on Windows 7 64bit but only with specific programs.

Certain programs display the default 'Blank' icon for most application shortcuts.

Specifically:

Launchy

Blaze

Startup Delayer

 Rocketdock

It seems to be basically anything relating to shortcuts, with the exception of the Windows Start Menu.

Oddly it is not all icons. Google Earth for example is fine. Most default install software is fine such as explorer, notepad,windows media player, calculator.

UPDATE: It relates in some way to the default icon for the shortcut. If I change from the default icon to some other icon it will work fine.

Tried rebuilding and repairing icons but it does not seem to make any difference.

Tried removing icon packager but this did not fix anything.

I don't experience this with the start menu or file manager Directory Opus. 

Any ideas on how to fix this?