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If a news item is small (just a line or two) with an image that is taller than the text, it will spill down and cause alignment problems in the next news item below. Changing the /themes/default/style.css line 29 from this:
.itemFoot {text-align: right; padding: 3px; background-color: #efefef;}
To this:
.itemFoot {text-align: right; padding: 3px; background-color: #efefef; clear: both;}
solves the problem. I haven't noted any other problems with that code, I used fgrep but apparently the news item is the only one of the core modules (and the few others I have loaded in this instance) that use that class.
I would have reported directly on the SourceForge bug list, but the link isn't on this site anymore--not sure if that was intentional or just a glitch from the move. Please advise if I should post this elsewhere.