Here's what a 64 color png looks like created in Photoshop: http://i.imgur.com/4p2SW.png
It's smaller and better looking than the jpeg that they actually use on their home page: http://www.turnkeylinux.org/files/images/icons/twiki.jpg?125...
The photoshop version would look even better and be even smaller if it were created from the uncompressed source instead of a jpg.
* http://advsys.net/ken/utils.htm
* http://advsys.net/ken/utils.htm