Thanks, dabean for cool hack!
I was going to use this for my personal use, but someone else may have use for this also! Maybe dabean may have some use for this also.
This is a little modification to this hack for those that have ImageMagick on their servers. This uses ImageMagick to automatically create thumbnails.
If you do not have ImageMagick installed on your servers, DO NOT INSTALL!!! 
Also, you must know the path to your ImageMagick convert!