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In Drupal 7, image and file fields have been integrated, and allow you to upload images and files from the local machine to be included as one of the fields in a custom content type.
Since the IMCE already contains all of this functionality, it would be nice if IMCE could also provide an additional widget as an alternative to the default 'image' and 'file' upload widgets that are packaged with Drupal 7 core.
At present, IMCE provides no functionality besides as a file upload manager, and only through IMCE/WYSIWYG Bridge is it possible to make IMCE a part of the content authoring process.