Interesting points, unfortunately it didn’t work for me.

The thing that frustrates me is that the or is now a depreciated tag.
So to create paragraphs the easiest thing is to add padding to the bottom of the p tag’s to seperate paragraphs.

e.g
p{
padding: 0 0 10px 0;
}

Again IE7 is adding padding between tags as well as the area contained with in the .

Adding a margin actually works in IE7 but not in FF. Here rolls the conditional statements !