Images are deleted after Submit

When viewing Image fields, and submiting the images are deleted.

1. Import the following CCK and Views.
2. Create few nodes of Photos
3. Invoke the Views
4. Submit - images gone...

CCK

$content[type]  = array (
  'name' => 'Photo',
  'type' => 'photo',
  'description' => 'Photos of real styles with real models',
  'title_label' => 'Title',
  'body_label' => '',
  'min_word_count' => '0',
  'help' => '',
  'submitagain' => 1,
  'node_options' => 
  array (
    'status' => true,
    'promote' => false,
    'sticky' => false,
    'revision' => false,
  ),
  'comment' => '2',
  'comment_upload' => '0',
  'upload' => '0',
  'old_type' => 'photo',
  'orig_type' => '',
  'module' => 'node',
  'custom' => '1',
  'modified' => '1',
  'locked' => '0',
  'ant' => 1,
  'ant_pattern' => '[field_model_name-raw] ([field_model_age-raw])',
  'ant_php' => 0,
);
$content[fields]  = array (
  0 => 
  array (
    'widget_type' => 'image',
    'label' => 'Image',
    'weight' => '-4',
    'max_resolution' => 0,
    'image_path' => '',
    'custom_alt' => 0,
    'custom_title' => 1,
    'description' => '\'official\' image of the style',
    'group' => false,
    'required' => '0',
    'multiple' => '0',
    'field_name' => 'field_image',
    'field_type' => 'image',
    'module' => 'imagefield',
  ),
  1 => 
  array (
    'widget_type' => 'text',
    'label' => 'Model name',
    'weight' => '-3',
    'rows' => '1',
    'description' => '',
    'default_value_widget' => 
    array (
      'field_model_name' => 
      array (
        0 => 
        array (
          'value' => '',
        ),
      ),
    ),
    'default_value_php' => '',
    'group' => false,
    'required' => '1',
    'multiple' => '0',
    'text_processing' => '0',
    'max_length' => '',
    'allowed_values' => '',
    'allowed_values_php' => '',
    'field_name' => 'field_model_name',
    'field_type' => 'text',
    'module' => 'text',
  ),
  2 => 
  array (
    'widget_type' => 'number',
    'label' => 'Model age',
    'weight' => '-2',
    'description' => '',
    'default_value_widget' => 
    array (
      'field_model_age' => 
      array (
        0 => 
        array (
          'value' => '',
        ),
      ),
    ),
    'default_value_php' => '',
    'group' => false,
    'required' => '1',
    'multiple' => '0',
    'min' => '',
    'max' => '',
    'prefix' => '',
    'suffix' => '',
    'allowed_values' => '',
    'allowed_values_php' => '',
    'field_name' => 'field_model_age',
    'field_type' => 'number_integer',
    'module' => 'number',
  ),
  3 => 
  array (
    'widget_type' => 'text',
    'label' => 'Caption',
    'weight' => '0',
    'rows' => '4',
    'description' => '',
    'default_value_widget' => 
    array (
      'field_caption' => 
      array (
        0 => 
        array (
          'value' => '',
        ),
      ),
    ),
    'field_caption' => 
    array (
      0 => 
      array (
        'format' => 1,
      ),
    ),
    'default_value_php' => '',
    'group' => false,
    'required' => '0',
    'multiple' => '0',
    'text_processing' => '1',
    'max_length' => '',
    'allowed_values' => '',
    'allowed_values_php' => '',
    'field_name' => 'field_caption',
    'field_type' => 'text',
    'module' => 'text',
  ),
);

--------
VIEWS

  $view = new stdClass();
  $view->name = 'Photos_per_Style_Editable';
  $view->description = 'Edit photos (per style)';
  $view->access = array (
  0 => '3',
  1 => '4',
);
  $view->view_args_php = '';
  $view->page = FALSE;
  $view->page_title = '';
  $view->page_header = '';
  $view->page_header_format = '1';
  $view->page_footer = '';
  $view->page_footer_format = '1';
  $view->page_empty = '';
  $view->page_empty_format = '1';
  $view->page_type = 'editablefields_table';
  $view->url = 'edit_photos';
  $view->use_pager = TRUE;
  $view->nodes_per_page = '5';
  $view->block = TRUE;
  $view->block_title = '';
  $view->block_header = '';
  $view->block_header_format = '1';
  $view->block_footer = '';
  $view->block_footer_format = '1';
  $view->block_empty = 'No photos uploaded yet...';
  $view->block_empty_format = '1';
  $view->block_type = 'editablefields_list';
  $view->nodes_per_block = '10';
  $view->block_more = FALSE;
  $view->block_use_page_header = FALSE;
  $view->block_use_page_footer = FALSE;
  $view->block_use_page_empty = FALSE;
  $view->sort = array (
  );
  $view->argument = array (
    array (
      'type' => 'ReferencedByFilter',
      'argdefault' => '2',
      'title' => 'Edit photos of style %1',
      'options' => 'field_photos_reference',
      'wildcard' => '*',
      'wildcard_substitution' => '(All styles)',
    ),
  );
  $view->field = array (
    array (
      'tablename' => 'node_data_field_image',
      'field' => 'field_image_fid',
      'label' => '',
      'handler' => 'content_views_field_handler_group',
      'options' => 'editable',
    ),
    array (
      'tablename' => 'node_data_field_caption',
      'field' => 'field_caption_value',
      'label' => '',
      'handler' => 'content_views_field_handler_group',
      'options' => 'editable',
    ),
  );
  $view->filter = array (
    array (
      'tablename' => 'node',
      'field' => 'status',
      'operator' => '=',
      'options' => '',
      'value' => '1',
    ),
  );
  $view->exposed_filter = array (
  );
  $view->requires = array(node_data_field_image, node_data_field_caption, node);
  $views[$view->name] = $view;