Helo!
Thanks for the reply! I've just reinstalled win 7 at work so did a clean check on the problem with MultiWall v1.0.29.
Here I have a double monitor setup with 2 Dell u2412m one is horizontal and the other is vertical. The horizontal is positioned vertically about the center of the vertical one.
I have set up the crawler to use my wallpapers from the "My Pictures\walls" directory. It loaded exactly 25 pictures though the folder has 31 pictures. When I turn on auto cycle the view changes to "1 of 3" and then goes black with an option to go right but it's black there as well and can go back but after that the option to go either direction is disabled until the next cycle - but it's still blank.
Also the include sub-folders won't help with the 25 image limit.
The wallpaper setup is Pan: n/a Zoom: n/a Bezel: OFF (black) No Pre Processing, No Rotation, Stretch Proportional (this is needed 'cause the vertically aligned monitor)
Tried mess up things and get the fixed black screen when something that isn't a valid picture is set under the setup view but it changes back on next cycle - this last bit isn't happening at home.

Sorry, I don't like streaming images from random places on the web and I don't want to share my backgrounds either. I could use my NAS at home but why would I just for some silly wallpapers? All this seams a little overkill to me.

When I get home and have time to use my PC I will check a new install with this same version and post what I see.
Thanks again!
- RawBits