WebKit fails IETC SVG_HTML_Elements_002.html
I believe the test is broken. Assuming that the <svg> is supposed to be rendered as SVG (and not just treated like html content), then the <text> is going to be off screen, as the default x/y is 0, 0, which renders the text above the clip region of the <svg>.
Filing this bug to allow a place for discussion of this test, but I expect we'll close this works for me.
Firefox doesn't render the text either. It does render some small dashes though..
If you change the y value for the <text> element, then the text is visible and in italics. Firefox behaves the same way. IE's SVG seems to have a bug in its placement of <text>.