Inkscape. A free Open Source graphics program a la CorelDraw or Freehand. Looks good. Supports EPS, JPEG, PNG, and TIFF. Oooh, acronym city!
Inkscape is an open source drawing application similar to Adobe Illustrator, Corel Draw, Freehand, or Xara X. What sets Inkscape apart is its use of Scalable Vector Graphics (SVG), an open XML-based [W3C] standard, as the native format…While Inkscape does not have all the features of the market leading proprietary software, the latest versions provide for a large portion of basic vector graphics editing capabilities.