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Request URL:    http://0.0.0.0:6666/the_image.jpg

class Image(models.Model):
    product_image = models.ForeignKey(Product)
    image = models.ImageField(upload_to='/')

MEDIA_ROOT = '/'
MEDIA_URL = '/'

class InlineImage(admin.TabularInline):
    model = Image

class ProductAdmin(admin.ModelAdmin):
    inlines = [InlineImage]

MEDIA_ROOT = /var/www/example.com/media/
MEDIA_URL = /media

image = models.ImageField(upload_to='image')

from django.conf import settings
from django.conf.urls.static import static

urlpatterns = patterns('',
    # ... the rest of your URLconf goes here ...
) + static(settings.MEDIA_URL, document_root=settings.MEDIA_ROOT)