I’ve just rolled out a new release of selectList. It fixes a bug observed in IE7/IE8 where the hint text wasn’t shown in the select field as the initial option. Thanks to Nicolas for reporting this.
The new release isn’t available at plugins.jquery.com yet — there seems to be a problem with authentication on their website and I can’t get to the submission form. I’ll upload it there as soon as they get this fixed. For now, you can just get the plugin here.
Edit: Ok, now I know what happened to the plugins website — they had to lock it down temporarily to deal with spam. Get better soon, plugins website!