That's right. Going for real time stats would put a huge strain on the servers. There are alternatives to the once a night update and if you search on awstats you can find it in the forums here but even that can be abused to the point that it can cause a strain on the servers as well.
Best option is to just wait it out till the next update.
Also remember that most often it one of poorly used passwords or software one has installed themselves that is mismanaged and opens the door and not server side software.
I tried what Mike suggested and it gives the default login when you create it but I cannot go back and find it. You can uninstall and reinstall it or just PM me and I can give you the defaults.
I am not sure I gave you a proper welcome before so let me do that. The question I have would be, do you have a domain name for your little sister and are you pointing that to any part of your webspace other than your index?
You can make a subdomain called undulations in cPanel and use an FTP program to upload the files to momeplace.com/undulations. Then it can be accessed via undulations.momeplace.com.
I could probably show you how to do it in Fireworks but I am no use in ImageReady. The only way I know to have it automatically include on every page would be to use PHP. Other than that I believe you will have to manualy add it.
Someone should be along soon with a proper answer for ImageReady.
Long time no see.