Image align doesn't work in IE

I seem to be having an issue getting images with an align attribute to work in IE[7]. If I have <img src="something.jpg" alt="My Image" width="190" height="84" align="right" />, in IE7, the image will not align to the right.

Here's a giant image example: http://screencast.com/t/M2E4Y2FkN

While I was creating this example (in red), I noticed another IE issue noted in the screenshot (in orange).