Full Icon Tutorial for PS CS2
from thisTHIS TUTORIAL IS FOR PHOTOSHOP CS2
I dont know about compatability either, though somebody else might.
DONT USE THIS FOR ANYTHING WITHOUT CREDITING And comment if you do. First take the picture and do everything in This tutorial up to the blue overlay layer. Next, crop it at Width 70 Height 50. Next, open this texture/base Take this gradient (dont know who by) and set it to colour 100%. Duplicate it, and set it Multiply 100%. Take this base? by 
dearest and set it Darken 100% Paste the cropped image onto it. Go to blending options, Stroke,1px in black and drop shadow on teh default settings. Take this texture (again dont remember who) and set it to Soft light 100% Next, I added "We are Alone" in German Underground in white, 16px, and then I stroked it with black and lowered the opacity slightly.
And thats it!
Hope it helped and gave a few ideas.
All the resources that I dont know, I have credited in my resource page, but I jsut dont remember.... ^^;
Love to see what you got from this.