I am using a standalone GPS tracker that produces GPX files and then clock-sync photos with it using Microsoft Pro Photo Tools. This works pretty well. But I was also using a feature of Pro Photo Tools called "Get location text" which uses the latitude/longitude information from EXIF and translates it using Windows Live services to actuall addresses. At least it used to, but stopped recently, probalby because of some change of the online API or whatever, and a lack of update for the software.
So, the questions is: do you know of any other software that can bulk translate location info into addresses and write that back into the photo's metadata?