Novelty aside, if you encrypt to the same image, what was the point of encrypting? Can you hide something in the metadata that wouldn't have been visible until decryption?
It's actually rather interesting, if someone attaches some illegal content into rarjpeg, will it automatically make you a criminal after you see it (and store it onto your hard drive)?
Familiar with http://en.wikipedia.org/wiki/Illegal_prime ?
For comparison, recompressed as a normal PNG, it's 9.5KB, and even saving it as a 32-bit BMP is less than half the original size (at around 176KB). I don't know how this kind of thing "scales", but if I'm asked to download a 50MB PNG, I get suspicious. I'm pretty sure anyone you'd want to employ this against would be at least that sophisticated.