There's been some nice changes to TubeIcon in the latest updates for that program. You can now use images (as well as videos) for the backgrounds on your icons, and you can save those icons in JPEG, GIF, or BMP format. But, the biggest and most useful change is the ability to save multiple different presets for your icon's text formatting - no more having to remember font names or text colors.
The update system has been slightly modified to speed up the program's startup. Now, it will check for updates in the background instead of making you wait, and the prompt to install the updates will show up the next time you open the program.