VectorMagic is an Online Tools for creating Vectors from images. This site is a result of the Stanford University’s “Artificial Intelligence Laboratory” research project by James Diebel and Jacob Norda
VectorMagic site is powered by a Flex application and produces good vectors from the images that we upload. It offers us options to configure the image for better vectors. All you need to use this service is a modern browser, like Internet Explorer 7 or Firefox and Adobe Flash player.
VectorMagic provides better and precise Vectors than those generated by Adobe Illustrator and CorelDraw, both being the top products in the industry for Vector-art. You can view a comparison of VectorMagic, Adobe Illustrator CS2 and CorelDraw X3 here.