Please see the most recent updates in the "Where did the .com name go?" thread. Posts number 16 and 17.
Please see this thread for updates. Update Thread
SOH ADMINISTRATIONI use DXTBMP by Martin Wright to do it. I usually right click the bmp/ Open With DXT1 Bitmap Manipulator/ Save As dds/ Select the appropriate type. Seems to work very well. My old version of Photoshop won't open files that large.
62stratfan