Quote Originally Posted by admin
This is custom modification, so you will need to upload the watermark image with FTP. If you can edit player.inc, it will not be a big task to upload the watermark image with FTP.
While it's not a big task to upload via FTP, that sort of defeats the purpose of having an admin screen for doing so. :D

That's why I posted it in feature requests in the first place -- it seems cumbersome to have an interface that allows you to only upload a single file type for a watermark.