has anyone found a solution for this problem:
http://wordpress.org/support/topic/145943 (one-year-old topic, not resolved)
I have exactly the same thing going on. Image will clip in IE7 when putting EM to the text next to it. (my example here: http://www.booksfromfinland.fi/wordpress/ ). My theme is based on Pixeled.
I'm a newbie, so please be patient :).
thanks in advance!