Using IE on submit the forms submits the watermark as value

[GoogleCodeExporter]

What steps will reproduce the problem?
1. I have the latest version of jQuery and jquery-watermark included.
2. I set my watermarks using the name attribute as selector of the input fields 
that I want to have watermarks in it. For example:
$('input[name="xXXXX"]').watermark('xxxxxxxxxxxx');
I use in on a table with multiple input fields some of which have values 
preloaded from a database.
3. Everything works just fine in Chrome and FF.

What is the expected output? What do you see instead?
<input class="state" type="text" id="newedustate" />
<input type="submit" id="btnAddEdu" value="Save" />

script...
$("#newedustate").watermark('Stato');

Using IE on submit the forms submits the watermark as value.

What version of the product are you using? On what operating system?
watermark v3.1.4, windows 7 x64, IE7&IE8&IE9

Please provide any additional information below.
Similar to bug91 that was marked as invalid, but this blocks me from using this 
plugin if doesn't work on IE. Any info? Thanks.

Original issue reported on code.google.com by elf...@gmail.com on 18 Dec 2012 at 2:30

[GoogleCodeExporter]

Please stop posting these false IE bug reports. As stated numerous times 
before, you are not configuring your page correctly. RTFM.

Original comment by t...@speednet.biz on 18 Dec 2012 at 2:52

• Changed state: Invalid