RealWorld Icon Editor 2006.2 released
After three months of beta-testing, the new version is finally out. The release of the editor is accompanied by an update of the online icon library.
The icon editor
There is also a new tutorial demonstrating how to make and use parametric 3D models to make a star-shaped icons.

The icon library is now open and people may share their icons directly from the icon editor.
Enjoy.