Img tag inline with text

Question

I realize that discussions on how to include an image/icon inline with text has been done before. It appears that this problem has not been solved yet. Does anyone know if it can be done or we have to live with an insufficient implementation of html in Flex? The code below is what I am trying to execute; have a small icon next to some text. Thanks in advance.
<?xml version="1.0" encoding="utf-8"?>
<mx:Application xmlns:mx="http://www.adobe.com/2006/mxml" layout="absolute">
<mx:Script>
     <![CDATA[
         [Embed(source="assets/studentsImageIconSmall.jpg")] public var iconTest:Class;
     ]]>
</mx:Script>
<mx:TextArea width="100%" height="100%">
        <mx:htmlText>
            <![CDATA[
                <p>You can include an image in your HTML text with the &lt;img&gt; tag.</p><br>
                <img src="assets/studentsImageIconSmall.jpg">Text next to the image.<br>
                <img src="assets/studentsImageIconSmall.jpg">Text next to the image.<br>
                <img src="assets/studentsImageIconSmall.jpg">Text next to the image.<br>
            ]]>
        </mx:htmlText>
    </mx:TextArea>
</mx:Application>

Answer 1

You could use Iframe but there're a few drawbacks you can read more about this here
http://www.deitte.com/archives/2008/07/dont_use_iframe.htm
And also see an example of flex + iFrame here
http://www.deitte.com/IFrameDemo3/IFrameDemo.html