Originally Posted by jdbaker
You answered your own question. I haven't used either one, but it appears ImageCarve carves images, nothing more. V-Carve, on the other hand, will take graphic designs and carve them using a "V" bit. It can also do some other 2D operations in addition to the carving. Everyone who tries it seems to give it great reviews.
If your interested in the image carving, you might also want to look at http://www.imagetogcode.com/