Just to expand a little on Don's answers, ICE is looking for areas that are opaque to infrared radiation. The dyes that form the image in colour films and chromogenic B&W films (and the stain in stained B&W films) transmit IR - that's why an unexposed, developed piece of colour reversal film can be used as an IR filter*. Silver and most dust is opaque to IR - though I guess that some dust transmits some IR. ICE 'thinks' that silver is dust, therefore.
Walter's comment about scanning in RGB might be a slightly misremembered reference to GEM (the grain reduction process that is in the ICE bundles). That works with silver-image B&W when scanned in RGB, according to ASF/Kodak ADC:
"Q3: Can Black & White film be used with DIGITAL GEM Technology?
A3: Traditional silver-halide and chromogenic (C41 process) Black & White film can be used on DIGITAL GEM Technology enabled scanners. When scanning these films for DIGITAL GEM Technology implementation, the film must be scanned as a color image. After DIGITAL GEM Technology processing, the color image may be converted to Black & White using an image editor.
Personally I don't like what GEM does to the appearance of silver-image film grain.
Here's a little test I did with ICE4 on some filthy Kodachrome 64:
Dead Link Removed
Notice that the ice-axe strap detail (just below and to the right of the axe's head) survived ICE.
*And why most colour filters, including the RGB ones of a Bayer array, pass IR even though they may block red.
Best,
Helen