The two fundamental problems here are:
1) You cannot run a script in a sandboxed frame in Chrome (probably other browsers to follow) - so none of the deframing methods that we currently use will work. (note that adsense doesn't display behind an image etc)
2) Google hotlinks
to full size images
making us bare the costs of display our images out of context - and frame-breaking scripts will gradually diminish in effectiveness.
I don't know the click-through rate from google images to pages, but I thinks it's low (~10%) and image thieves have already dragged and dropped your image onto their desktop for use in whatever... note that any image protection (except watermarking) you may use is also circumvented by google images.
So we have a number of choices that we will eventually have to take;
1) Ban google from our images.
2) Use our webservers to stop hotlinked images (technical solution)
3) Class action against google for copyright infringement - as their current usage is not fair use by any stretch of the law... (wishful thinking here...)
4) Attempt to get the media to report on this unfair behaviour... but from the perspective of a user who wants an image to use on a blog or homework assignment - the current interface makes it easier, so it's popular.
A number of us have been warning about this for a while...
Jan 30th 2010 - [webmasterworld.com
...] - I first saw the current interface in Asia
Jul 19th 2010 - [webmasterworld.com
...] - around this time the new interface was released globally