Well the word is out. The IE8 Team has just officially announced that they have rendered the "ACID 2 Face" in I8 Standards mode. This is HUGE!! Finally no more workarounds or hacks on your CSS. Passing the ACID 2 test basically means that the browser follows the W3C HTML and CSS 2.0 specifications. The announcement also talked about supporting the many different types of users and older web pages. I think the IE8 Team has another trick up its sleeve and will later reveal a backward compatibility mode for older sites so that standards and nonstandard sites will work in IE8.
Good job IE8 Team!
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