Bluedharma beat me on the questions. 8-)
The program will extract EXIF data from the photo if there's any, but ONLY in member section. This function has not been ported to other part of site yet, such as Quick Upload page for non-members. Guess I am too lazy.
Sometime the extract data is not correct, mainly because not all camera manufacturers adhere to the standard well, they often change here and there, and throw in some their own. Currently the function only support Nikon, Canon, Olympus, Fujifilm, Kodak, Sony, some Ricon, Sanyo and Epson.