NeoTextureEdit -- FOSS texture generator
Just saw this posted on BlenderNation... there's a texture generator that looks pretty sweet, so I thought I'd link it here. Unfortunately their site is down at the time of this post, but I imagine it will come back up. It looks like it can handle things like normal and parallax maps and such. Here it is:
http://neotextureedit.sourceforge.net/
I tried it but it was unfortunately kind of confusing, which is probably because I have no clue about texture maps :)
I believe that jMonkeyEngine has/will integrate this software into their sdk