Image Processor Strips metadata

I don't seem to remember this always being the case, so I'm hoping I messed up a setting somewhere. Lately I've found that when using the native Image Processor in Bridge (and I've confirmed the sam issue using Russel Browns 123 process script) that when I batch against RAW files, none of the metadata get written into the PSD or JPG. This includes stars and labels, as well as all my IPTC information.

I've poked around the settings and have done a fair amount of searching on the forum and general web. To the contrary, most my searching showed the opposite should happen, that the metadata should be preserved. I will say that it is when processing against JPG's, but not the case on RAW files (CR2 or DNG).

Anyone have a suggestion on where to look?

Thanks,

Derek Dysart