I've tried this, but I'm not sure that any GPS information is attached to the pictures. It is supposed to be embedded in the EXIF information, but
Opanda IExif 2.3 reports that the latitude, longitude, and elevation of my GPS pictures are all zero.
Keep in mind that this shooting mode is normally hidden and must be enabled by a registry hack. Perhaps it doesn't work.
Edit: It works if it has managed to get a GPS fix. See
this thread.