If I remember correctly the gif animations are actually really long images similar to the transition images found in the Amiga browsers. To get the AnimatedIcon thing to work, you have to go into the image and seperate each of the frames and join them into one long (read wide) image and set the cell sizes accordingly before it will work.
The end of it all, it's not all that's cracked up to be. It would have been nice if the tool was able to load normal gif animations. I'm hoping OS4 will have a decent gif datatype complete with transparent images and animations. Don't think it will happen but there's always hope.
:pint: