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Reported by Bert Bos It might be a good idea to define the baseline of an inline replaced element to be the bottom margin edge, rather than let boxes have no baseline at all. It might shorten some other definitions. Before resolving on this we would need to look at all occurrences of replaced element and baseline first. Conversation begins: http://lists.w3.org/Archives/Public/www-style/2011Mar/0637.html (#3) Proposal: http://lists.w3.org/Archives/Public/www-style/2011Mar/0681.html
This proposal would also resolve Bug 15890
See also Bug 15892