Just finished this for you, hope it meets your needs. (Please note: the test images used were sized at 200px x 200px).
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
"http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<title>Page title</title>
<script src=http://ajax.googleapis.com/ajax/libs/jquery/1.7.1/jquery.min.js></script>
<script>
$(document).ready(function() {
var currentImg = 1,
totalImages = 4
loopTime = 1000,
intervalId = null;
function displayTitle(imgNbr) {
$('.title').hide();
$('#image'+imgNbr).prev('div').show();
}
$('img').on('mouseover', function() {
clearInterval(intervalId);
displayTitle($(this).parent().attr('id').substring(5));
}).on('mouseout', function() {
currentImg = $(this).parent().attr('id').substring(5);
startLoop();
})
function startLoop() {
intervalId = setInterval(function() {
displayTitle(currentImg);
currentImg = ((currentImg == totalImages) ? 1 : parseInt(currentImg)+1);
}, loopTime);
}
startLoop();
});
</script>
<style>
.imgcontainer {
margin: 10px;
float: left;
position: relative;
text-align: center;
}
.title {
position: absolute;
top: 70px;
left: 60px;
color: #ffffff;
display: none;
}
.img {
clear: both;
}
</style>
</head>
<body>
<div class="imgcontainer">
<div class="title">title 1</div>
<div class="img" id="image1"><img src="images/image1.jpg" /></div>
</div>
<div class="imgcontainer">
<div class="title">title 2</div>
<div class="img" id="image2"><img src="images/image2.jpg" /></div>
</div>
<div class="imgcontainer">
<div class="title">title 3</div>
<div class="img" id="image3"><img src="images/image3.jpg" /></div>
</div>
<div class="imgcontainer">
<div class="title">title 4</div>
<div class="img" id="image4"><img src="images/image4.jpg" /></div>
</div>
</body>
</html>