Index: imagecache.module
===================================================================
--- imagecache.module	(revision 1330)
+++ imagecache.module	(working copy)
@@ -510,17 +510,15 @@
  * Implementation of hook_field_formatter().
  */
 function imagecache_field_formatter($field, $item, $formatter) {
-  if (empty($item['fid']) && $field['use_default_image']) {
-    $item = $field['default_image']; 
-  }
   // Views does not load the file for us, while CCK display fields does.
   if (!isset($item['filepath'])) {
     $file = _imagecache_file_load($item['fid']);
     $item = array_merge($item, $file);
   }
-
-  $presetname = preg_replace('/_linked$/', '', $formatter);
-  $presetname = preg_replace('/_imagelink$/', '', $formatter);
+  
+  $presetname = $formatter;
+  $presetname = preg_replace('/_linked$/', '', $presetname);
+  $presetname = preg_replace('/_imagelink$/', '', $presetname);
   if ($preset = imagecache_preset_by_name($presetname)) {
     return theme('imagecache_formatter', $field, $item, $formatter);
   }