Cappuccino uses the Cocoa views model. In regular HTML the focus is on the layout of text, which is why you get things such as 'floats' to allow you to stick one block of text in another.
In Cappuccino, the positioning and sizing of objects is more desktop like. You position your widgets in a hierarchy of 'views' with fixed coordinates, and 'anchor' them to one or more sides of the screen (or the parent view).
It's like in Cocoa so just take a look at how it's described in the Interface Builder:
http://developer.apple.com/library/mac/#documentation/DeveloperTools/Conceptual/IB_UserGuide/Layout/Layout.html%23//apple_ref/doc/uid/TP40005344-CH19-SW9
The springs and struts in the
autosizing control define the selected
view’s relationship to its parent
frame. A spring causes the view to
resize itself proportionally based on
the width or height of its superview.
A strut causes the view to maintain a
fixed distance between itself and its
superview along the given edge.
Of course, under the hood it all comes down to regular absolute positioning with JavaScript to execute the resizing model.