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Slightly unusual line-up of floats. Based on 100% = 16px font-size, which must not be altered.
The purpose is to test how browsers handle floats with negative margins.
Conclusion: Opera 8.0 is still very much a βeta, which can not be used as “a marker” in any design-process.
Update [24.oct.2005]: Opera 9.0 preview 1 indicates that the browser is "fixed".