Can someone please explain why IE7 insists on putting a space between the table and the ul in this example? It doesn't seem to happen in IE8 or FF.
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html>
<body>
<ul style="background-color: Blue;">
<li>
<table cellpadding="0" cellspacing="0" border="0" width="100%" style="background-color: Red">
<tr>
<td>
<img style="display: block" src="http://www.google.com/intl/en_ALL/images/logo.gif"
height="25" border="0" width="150" />
</td>
</tr>
</table>
<ul style="background-color: Green">
<li>One</li>
<li>Two</li>
</ul>
</li>
</ul>
</body>
</html>