title: val() on <option> returns text instead of value in ie7
body: <pre><code>$(this).find('select option:selected').each(function (i, val) {
  
      var selectedValue = $(val).val(); //this returns the text from the option instead of the value
  });
  </code></pre>
  
  <p>Is this a known issue in ie7? I didnt find any info about it? Possible workarounds? Thanks</p>