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1) WinTex
2) DeePSea
3) XWE
WinTex and XWE are free, and the graphics and lump management featurea of DeePSea are free. (The map editing features of DeePSea are shareware, with a limit on the size of the map you can edit. The full registered version obviously has no limit on map size. Overall, DeePSea is very versatile, and well worth the registration fee.)
All three programs will allow you to extract DooM graphics and save them in .bmp format. AFAIK, WinTex and DeePSea will only save the images as 256 color images. XWE gives you the option to save as 8 bit or 24 bit images. It also allows you to view (if not manipulate) Quake graphic files. Give it a try, as it's quite similar to Wally.