"…the quantity and variety of images on the web has ballooned since 2001, and images have become one of the most popular types of content people search for. So over the next few days we’re rolling out an update to Google Images to match the scope and beauty of this fast-growing visual web, and to bring to the surface some of the powerful technology behind Images…"
Full article from Google Blog:
http://googleblog.blogspot.com/2010/07/ooh-ahh-google-images-presents-nicer.html
And, concerning georeferenced images, have a look at this snapshot of iGeoPix (free download from ITaly or USa iTunes site), our iPhone/iPad app to visually browse geolocated photos:
