yup. working ok for me.
Make sure when posting an image from another site
a) you have permission to do so

b) the site does not have hotlinking blocked

c) the path is correct
d) the url is going to be staying a while ( some posted images on here are old links so show (well ALMOST ))
e) the correct format is used.   Here at LP image goes inside [img] your link to your image goes here  [img/] to close