I look at the formatting merely as what's being used in terms of keystrokes vs how zend feels about things ...
As for the images, they're a smidge larger than the text, so it was causing me some grief... I don't really see much of a use of them for what I'd use it for; so reguardless I'd edit them out.
I moved the spaces to AFTER the previous entry vs in FRONT of the entry as it makes visibly looking for items a little easier.
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