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79answers:
3Unsurprisingly, it is a comment processed by IE. If the IE version is at or, less than, the level (LTE) specified, it will process the code inside, otherwise it won't.
It means if the browser in use is less than or equal to Internet Explorer version 7 then include the code within the conditional comment block.
Here a good article about conditional comments
You may want to look at this article about Conditionals. http://msdn.microsoft.com/en-us/library/ms537512%28VS.85%29.aspx
You may find this one interesting, at the bottom they go into various possible conditionals: http://onhavinglayout.fwpf-webdesign.de/hack_management/
You will see this comment made about your question in my last link: The linked stylesheet contains the needed layout-triggers for IE 5 | 5.5 | 6 | 7, example shown above.