Actual (live) result in your browser:
Expected result (screen shot 162px wide, 92px tall)
align the vertical midpoint of the element (typically an image) with the baseline plus half the x-height of the parent"
CSS 1, section 5.4.4, vertical-align property
Align the vertical midpoint of the box with the baseline of the parent box plus half the x-height of the parent."
CSS 2.1, section 10.8.1, vertical-align property
measurement systems: the x-height by Jan Roland Eriksson
NS 6.1, NS 6.2, NS 7.0, NS 7.1, NS 7.2, Firefox 1.5.x, Firefox 18.104.22.168, Firefox 3, Safari 2.0.4, Safari 3.0.4, Konqueror 3.5.5, Konqueror 4.1, Seamonkey 1.x, Seamonkey 2.x, K-meleon 1.x, Epiphany 2.14 all pass this test. Opera 9.26 and Opera 9.50 do not pass this test.
This bug has been reported at connect's IE beta feedback as bug 365792.
Update: This bug has been FIXED in Internet Explorer 8 RC1 (build 6001.18372) released on January 26th 2009. Otherwise, Internet Explorer 8 RC1 PASSES this specific and particular testcase.