In previous versions, once an image was georeferenced and "Update Georeferencing" was selected, you could later continue to georeference it or georeference it again and over-write the previous alignment.
In ArcGIS 10 if you need to update or re-align the georeferenced image after you have already clicked 'Update Georeferencing' you need to delete all the associated alignment files (like .jgw, jgwx, jpg.aux.xml etc).
Please can we have this functionality back!
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