I'm getting a strange problem with a fade out effect in IE 6/7/8. The
following demo continuously fades between 3 elements. The first time
around it works as expected, but as soon as it loops around for a
second time the fade stops working:

http://jsfiddle.net/raider5/TpxuY/

I wrote an equivalent version in jQuery which works fine:

http://jsfiddle.net/raider5/Lk8BQ/1/

The fact that it's working in all other browsers and in jQuery makes
me think it's possibly a bug with the opacity implementation?
Hopefully it isn't and someone can point out where I'm going wrong?

Cheers

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