Hi!
I had a look at IceLicense long time ago and I can say that it's a weak protection. For example, the trial can be reseted just removing a registry key (easy detectable with regmon).
It might look hard to crack because it behaves like a ZIP password protected application. So, if you dont know the key, you dont know which code will be decrypted, but as soon as you have a valid key you can easily dump the decrypted blocks and easily reconstruct the original program.
I dont think that this kind of "ZIP-password protectors" are much useful, becuase they only suit when you release your program with disabled functions (that will be decrypted with valid license)...when you want to release a full demo of your program, that kind of protection is useless.
I dont know 100% latest version of IceLicense...so, If I'm wrong in anything I said, tell me please
Regards.