IrfanView
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Full user review
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"Great quick2launch viewer with an amazing amt of extras"
Pros
Originally got this (many versions ago) just to have something that wouldn't take an eternity to display an image file. Does that brilliantly. No drumming of fingers ever since.
Very handy for file conversion, cropping, resizing, adding captions, and numerous other tasks, and the batch processing (repeating same action for a bunch of files) is intuitive enough that I don't have to make notes, even though I only use this aspect once in a while.
Tons of additional features which I have yet to use, but am comforted to know are there.Cons
None. Really.
Summary
Unless you're expecting free Photoshop, you should be mighty happy with this program.