Why do you want to hide the image path? Are you worried about people hotlinking to your images from outside sites (either from the attribution or bandwidth leech perspectives)? If so, there are a number of server-side tools that can make it much more difficult (although probably not impossible) to prevent people linking to images from outside your site. If your webserver is running Apache, you can use the following trick:
http://www.allmyfaqs.com/faq.pl?Prevent_bandwidth_theft
Every time a web browser makes a request to the server for an object (page, image, whatever), it sends a little bit of information detailing what page referred it to that new object. The code above checks to make sure that the person was referred by an internal page (rather than by some hotlinking jerk), and either displays the correct image or an alternate "no hotlinking" version.
--Tim
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