iWatermark was suggested as a solution. The other day I purchased the "Pro" version (Win7). It does fine with a few files at a time but seems to have a memory leak issue. Windows Explorer fails after program crashes. Something is rotten in Denmark. After about 6,000 images it craters. Feature-wise it is an ok app. Just buggy. So if you need just to get the job done this will do it. But anticipate extra rebooting.
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