More details of the program at the Batch Image Processor website and also at the B.I.P. page at the 1clickactions site.
Newsletters have gone out already with the 30% discount code for existing 1clickactions customers.
Just to clear up a little confusion – it CAN output jpgs and PSDs to separate folders at the same time. So for example you can resize the jpgs and leave the PSDs full size, add a watermark to just the jpgs and so on.