New From Igor Pavlov
"7-Zip is a file archiver with the high compression ratio. The program supports 7z, ZIP, CAB, RAR, ARJ, LZH, CHM, GZIP, BZIP2, Z, TAR, CPIO, ISO, MSI, WIM, NSIS, RPM and DEB formats."
Page -
http://www.7-zip.org
DL link (In case I'm slow at updating again) -
http://sourceforge.net/projects/sevenzip/files/
-Note: the ARM version seems to work just fine but there is a CE-ARM version for those who need the uncompressed cab.