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e.Style.CellType = "Image";
e.Style.CellValue = GetImage("filename.gif");
And things will work much better (faster) if you cache GetImage("filename.gif"); in a form variable and just use that variable in QueryCellInfo.
e.Style.ImageList = yourImageListObject;
e.Style.ImageIndex = someIntValueThatIsTheIndexOfTheImageInYourImageList;
Here is a little sample.
http://www.syncfusion.com/Support/user/uploads/GDBG_Images_79f698b0.zip