Nope I don't see it,
yet that is!
Check your google Earth side bar is showing, then un-tick "My Places"
If your pic or place marker vanishes then it's just in your "My Places" I would assume!
It would be better if they displayed a marker straight away so you know the upload worked and then just said awaiting approval etc..
I've only tried this once this morning, just text tho but it like pics perhaps have to be approved also.
BTW, check some other settings.
If you can't see other peeps foto's you need to turn on "Panoramio Photos" under "Layers"
And "Street View" is the other one!
You might have to sign up to Panoramio to get a photo up, not sure really it looks a bit messy the more look at this, but would seem that's one way at least and it has a support forum so should be plenty of info on there.
http://www.google.com/support/forum/p/earth/thread?tid=42b3d1fd87f327c3&hl=enDrop a note how you get on..!