I don't think this is the same issue as Bug #424822 which deals with netbook-launcher icon changes not being reflected in Favorites. As a matter of fact, this bug report really needs to be clarified because you can, in fact, change the icons in the launcher using menu editor. These changes do appear under the original sub-menu, just not in Favorites. The original bug reporter does not specify where he/she expected these changes to appear.
I don't think this is the same issue as Bug #424822 which deals with netbook-launcher icon changes not being reflected in Favorites. As a matter of fact, this bug report really needs to be clarified because you can, in fact, change the icons in the launcher using menu editor. These changes do appear under the original sub-menu, just not in Favorites. The original bug reporter does not specify where he/she expected these changes to appear.