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Re:Inventing Favicon.ico by cornstalks on Monday March 30, 2015 @09:35AM (#9289358)
Yes they do. You can put PNG encoded images into an ICO format container.
Re:Inventing Favicon.ico by talideon on Monday March 30, 2015 @01:06PM (#9290880)
Only as of Windows Vista, and how well supported are ICO-wrapped-PNGs in browsers?