Similar to #7, this space is also caused by the DOCTYPE. Here are a few workarounds (these work in Hotmail and Yahoo! Beta as well):
1.) Add style display:block to the image element
<img src=“test.jpg” style=“display:block”>
2.) Add align abs bottom in the image element
<img src=“test.jpg” align=“absbottom”>
3.) Add align text top to the image element
<img src=“test.jpg” align=” texttop ”>
4.) Add line-height 10px or lower in the containing TD
5.) Add font-size 6px or lower in the containing TD
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