A very nice icon editor http://axialis.com/iconworkshop/index.html
You'll still need a good graphics program......... PSP is my favorite http://www.jasc.com/products/psp/
As for cursors........depends on what type of cursor you want to make.............the old standard cursors, or CursorXP themes. For the standard you can find an editor on the Axialis site(first link)......for CursorXP, you make those with your graphics program.
