Enjoy: Favicons!
I just launched a new Web service: Favicons!
It's a favicon generator, powered by AJAX. It's a little betaish, though.
You select an image, type your URL if you want, and hit the big button. After generating your favicon, it remains in the favicon "hall of fame", linked to your Web site.
If you like it, tell me or submit it to Digg or Reddit!