One way you could handle this is actually with powerpoint. (You can use screen monkey to display ppt files, so it's not blasphemy to say that here!)
If you create a new slideshow, then click Insert > Picture > New Photo Album... (2003) or Insert > Illustrations > Photo Album (2007), you can import the photos from the Kodak CD, reorder them, put in text slides, set up the layout options, then click Create. All your photos will be in a powerpoint presentation, ready to go. From there, you can add transitions and timing as per usual.
I'm sure Oliver could create a plugin for screen monkey that handles folders of images (and I would probably use it if he did), and maybe there is a need for it, but for now, there's no point in reinventing the wheel.
thegink.
PS. Oliver, I do like v3.2 - If I get my way, we'll start using it at church.