Please see the most recent updates in the "Where did the .com name go?" thread. Posts number 16 and 17.
DXTbmp from http://www.mwgfx.co.uk/ is generally regarded as the best all-around format converter. You can open a file, send the image to your favorite editor, then save it in any format used by any current FS title.
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I agree with Tom and Huub... I use Dxtbmp (with PSP7)... Perfect...


Probably should have gone over and looked, but I never tried to convert .dds to .bmp before. 
