I would have to check the markup manual .. but.. I think it's actually correct to have no closing tag on<ul><li> untill the last <li>, then it has the close tag</li></ul>
but I do put them in my lists, and it never took them out.
Ya and if that's true then it would be correct as it's in there now because the last one does have the </li> on it. I've always put the </li> after each line myself too. Never heard not to, but if that's the case then that would render that part correctly setup other than the caps etc.