Cirius,
try renaming Red_PVC_Corset_Arm_Warmers_01_LRG.jpg to Red_PVC_Corset_Arm_Warmers_01.jpg and see if that works.

The directory location that I put up in a previous post is what your site is reporting as the location of the images, I would suppose that the _LRG in the filename is telling the cart to look in the large directory for the image and that is not where you have it.