I'm having a similar issue.
When I was using an older version 5 (I don't recall which version), all the text that appears in the menu bar at
http://www.pridecenter.org, was vertically aligned in the middle.
Since upgrading to the latest Milonic, the "Home" and "Links" are vertically aligned in the middle, but the "About Us" and "Get Involved" are vertically aligned to the top.
I have just tried adding various combinations of the valign="middle"; or valign=middle; but nothing changed the verticial alignment. In addition, leaving out the quotes as suggested above, caused other color problems with the menu.
Here's the main HTML for calling the menu, which is in a table on the page:
<tr>
<td width="750" height="39" align="center" nowrap bgcolor="000066">
<script>
with(milonic=new menuname("Main Menu")){
style=menuStyle;
top=155;
left=200;
alwaysvisible=1;
itemwidth=86;
orientation="horizontal";
position="relative";
aI("text=Home;url=/index.shtml;status=Back To Home Page;");
aI("text=About Us;showmenu=AboutUs;");
aI("text=Calendar & Events;url=/events/index.shtml;");
aI("text=Programs & Services;showmenu=ProgramsServices;");
aI("text=News & Publications;url=/newspublications/index.shtml;");
aI("text=Get Involved;showmenu=GetInvolved;");
aI("text=Links;url=/links/index.shtml;");
}
drawMenus();
</script>
</td>
</tr>