Vertical-align should NOT and must NOT apply to <ul> with list-style-image. Vertical-align should do nothing on an <ul> with list-style-image.

Expected results:
the baseline of the text inside the bright green bordered list-item should appear at the same height inside the list-item in both cases.

Reference:
vertical-align must only apply to inline-level and to "table-cell" elements. Vertical-align is not inherited. CSS 2.1, Section 10.8.1, vertical-align

Firefox 2.0.0.6, Opera 9.23, Opera 9.50a1, Safari 3.0.3, Seamonkey 2.0a1pre, Konqueror 3.5, Seamonkey 1.x, K-meleon 1.x, Galeon 2, Epiphany 2, NS 7.0, NS 7.1, NS 7.2, etc.. all pass this test. The taller the list-item-image is, the more noticeable the layout bug is in MSIE 7.

Valid HTML 4.01! CSS compliant