Axialis Software - 17.6MB - Пробная версия (Trial)
Axialis CursorWorkshop is a professional tool designed to Create, Extract, Convert, Manage and Redistribute Windows cursors. You create professional looking cursors. You're seen as a pro. Many easy-to-use features permit to create static and animated cursors from existing images and animations.
Besides, CursorWorkshop enables users to use drag and drop to easily make attractive cursors from various ready to use image objects in seconds. A powerful editor permits to create cursors using various tools, filters and effects. Once an image is created, add several images formats in one click. Several built in assistants permit creating animated cursors from existing animation files such as animated GIF, FLI/FLC Autodesk animations, RGB filmstrips with alpha channel and more.

Stardock - 14.27MB - Бесплатно (Freeware)
CursorFX is a program for Windows XP and Windows Vista that enables users to vastly improve the visual appearance and functionality of the Windows mouse cursor. Once installed, users can choose between hundreds of different mouse cursors with fluid animations, smooth edges, unique sizes, and more system event behaviors. In addition, CursorFX supports features such as smooth motion which the default Windows mouse cursor does not. 
Anyone can tweak the custom cursor's look and feel and can easily revert to the standard model if you need a reminder of what you've left behind. CursorFX integrates into the Mouse panel, takes only about 1MB of RAM, and does not slow the cursor's movement. This free application is a must-have for upgrading Vista or XP's look.