I was selected to try out the beta version, you get to search your portfolio by keyword then .You can actually position the watermark anywhere just drag and drop.

 It is rather handy for making frames (or pictures or illustrations) with a large blank central area harder to use without paying for.

I know for most of us 123 isn't a higher earner but the micro sites have a tendency to copy good ideas. If only Fotolia would sort out their watermark

I don't like to have to deal with new stuff they apply like ranking your own images especially the one on BS I hate it! I think once you upload a photo your job should end there an the rest should be taken care of by the site(agency)
I don't think it'd be fun to go through every single image of mine and try to find best place for watermark,do you?

Thank you Adelaide  I know what you mean actually what I meant is that they should have  apply it better so we wouldn't need to check them now if they are ok  had  we given chance to adjust  where the  watermark should be placed (like SS does) in the first  place.

as for ranking  I mean yes faving your images on 123 and  an on BS there is a thing called 'photographers order' you give some  numbers to your photos to sort their order.the ones with smaller number will appear first in your portfolio if the buyer/viewer choose the  Photographer's order 'tab.I very recently discovered that and tried to reorder my pic gosh it was such a hassle and I gave up.
apart from editing keyword all other modifications seems to me hassle just my opinion.