According to Mbedr, WordPress does not support it so the notes I added do not appear.
Here they are re-typed for this post:
Image of Kurt Cobain being lifted by fans at the Experience Music Project in Seattle, WA. Taken June 2010 by jproppe.
Honestly, it is easier just to use the visual editor in WordPress to load photos then annotate them separately. Here is the image using the visual editor:
Here is the Flicker URL with the annotated notes. http://www.flickr.com/photos/75701929@N03/6802697161/