You're correct. It will be in the January 2008 release. You will be able to upload one Household jpeg picture for each Household in the Fellowship One database. The single upload feature will be available in the Add Household 2.0 - Household Edit Screen.
If a Household picture exists for a Household it will appear in the Household 2.0 view. Clicking the Household picture will open a light box with a larger view of the picture.
Users with Admin rights will have the ability to bulk upload Household jpeg pictures. The jpeg files must be named the same as the Household record ID in the database.
Curtis Simmons
SVP, Product & Services