My - Wallpaper Slideshow APP
All you have to do is to put all your favourite pictures into a single folder and select the path of this folder from within this application. Select a few settings of your choice, save the same from within the app and you are ready to go.
Either navigate from the application or go to Android Live wallpaper list and choose "My Wallpaper Slideshow" application to set the Live Wallpaper Slideshow.