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A wonderfully simple generator for creating good-looking tab images that can easily be used in navigation menus.
Generate web 2.0-style stripes for use as background images, header graphics, etc.
Free and funky generator for fancy AJAX loading animated GIFs.
A very nice looking tool that lets you create a favicon from a specified image in a variety of sizes.
Very cool, and free, web 2.0 badge creator with many different styles too.
Powered by The Gimp, Cool Text is a free graphics generator for web pages and anywhere else you need an impressive logo without a lot of design work. Simply choose what kind of image you would like. Then fill out a form and you'll have your own image created on the fly.
Quick-Banner.com enables you to generate quite cool looking gif or flash web banners for $3. There is a free option but the designs look rubbish.
"AdDesigner.com is a unique FREE [online] service that gives you the power to design and download professional-quality, animated banner ads quickly and easily. In seconds, you can create top-quality, optimized banner ads that are perfect for your favorite banner exchange, a paid advertising campaign, or anywhere else."
Give Favicon Prime an image and some text and it'll give you a set of 3 icons, (16x16px, 32x32px and an animated 32x32px) for use as your fav and shortcut icons.

"Use this online tool to easily create a favicon (favorites icon) for your site [from any image]. A favicon is a small, 16x16 image that is shown inside the browser's location bar and bookmark menu when your site is called up. It is a good way to brand your site and increase it's prominence in your visitor's bookmark menu." Also provides details on how to use your FavIcon.