Stardock CursorXP is a program that lets you use and create incredibly cool looking Windows mouse cursors. It does this by taking advantage of the new visual effects features of Windows 2000 and Windows XP.
CursorFX is the definitive tool to work with cursors. Design and create cursors with complete freedom of imagination, totally professional in quality and surprisingly easy. The program works with both Windows XP and Vista.
Get and manage your themes, visual styles, icons, wallpapers, mouse cursors, etc. from one interface. You can even mix them to create your own customize themes. Magic Desktop is Free for non-commercial use.
Sib Cursor Editor is a power-packed means for creating images of cursors of your own. You'll be able to create and edit static/animated cursors. A multitude of special effects will give cursors as much eye-candy as you wish!
Awesome Inverted Cursors is a collection of mouse pointers, that change colour depending on the colour of the wallpaper on which they are placed. It is a simple, free utility, that makes navigation easy, without needing any effort.
Az Icon Editor is a utility to create and edit icons and cursors. These can be both static and animated. The size of both cursors and icons can be any you choose.It lets you edit various icons at once, applying the same effects.