I've uploaded a test file here:
http://dl.dropbox.com/u/2201804/IE8test.html
If you click on the "Click me" divs, you'll see the "Feedback" divs appear using slideDown(). Clicking a "Click me" in another box slides the currently showing feedback up and slides down the appropriate feedback.
In IE8, after the slideUp()/slideDown() actions are complete, the margin between the boxes collapses.
Is this a problem with jQuery's animation or a display bug in IE8?