ugly exe icon in win7/vista

[Peter Irbizon]

Hello, I am trying to make nice icons for my program. I compiled it with
py2exe but problem is that exe icon in Win 7/vista is not very nice (it
looks like win7 takes 32x32 instead of 248x248icon)

I used png2ico to pack icon file: png2ico icon.ico png248x248.png
png32x32.png png16x16.png

Any idea why win7 is showing 16x16(or 32x32) as exe icon?
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