Two more to look at.
Sqirlz Morph
http://www.freewarefind.com/archives/graphics_editors.html
http://www.xiberpix.com/SqirlzMorph.html
http://en.wikipedia.org/wiki/Macromedia_Shockwave
http://www.macromedia.com/downloads/
Allows you to morph two, three or more images together, and save your
animation as a Flash movie, AVI video clip, or bitmap/jpeg file. As
with other morphing tools, you place special control points over
important features on each of the images, and the program then
distorts each image so that the chosen features are matched. The
entire process can be displayed and saved as animation in AVI or
Flash (.swf) format. For best results you need to use the right
pictures and some patience. For Windows 98/Me/2000/XP.
Flash Builder
http://www21.brinkster.com/webspider/download/fb/
http://www.webgrid.co.uk/webmastr_4.html
Flash Builder is a utility for Windows operating systems to create
stand-alone executables from SWF Flash Macromedia files.
What does this mean? Flash Builder generates .EXE or .SCR files
embedding the movie, that runs without the need of a Flash player. It
lets you add features to your windows that the Flash Player provided
by Macromedia does not have. Very much alike another few products
around but, Flash Builder is FREEWARE.