The first beta of CursorFX has been released. CursorFX is the successor to CursorXP that allows users to create and change their Windows cursors. Very cool cursors can be used and created as CursorFX takes advantage of the visual effects features in both Windows XP and Vista.
There will be both a free version, and Plus version with additional features. Keep in mind this is a beta preview release.
More information and the preview download can be found at http://www.cursorfx.com/.