Yes, you should clearly adapt your code:
$key = 'prodpics_'.$id;
$value=$mmc->get($key);
// Handle cache miss
if($value == '')
{
$value = get_from_db();
$mmc->set($key,$value, false,
3600);
}
echo
$value;
I also removed the _variable suffix, because we now it's a variable ;-)