I am posting this for comments about the bug, and to help anyone who have the same issue. (answer posted by myself)
When using the WYSIWYG editor and inserting images the image manager is not displaying the thumbnail images.
Looking at the image URL produced by magento I can see that the url is missing the /wysiwyg/ portion
http://site.domain/media//.thumbs/ex_logo_sm.jpg?rand=1392103618
It looks purely missing, as taken note by the double // in the url
Best Answer
Tracing the code, it looks to me that there is a constant missing in the helper routine located in
Mage_Cms_Helper_Wysiwyg_Images::getBaseUrl()
The routine is as such:
and making the change to
fixes the issue.
This is called from
Mage_Cms_Model_Wysiwyg_Images_Storage::getThumbnailUrl()
which clearly outputs the wrong url without the constant in place.