BB code formatting issue

There seems to be a problem with nesting tags or something. Here's the example, I don't see misplaced tags in the source.
http://forums.b2evolution.net/topic-21093

Note this

style="font-size:18px">v2.0.1

ok, we'll check that out.

Found it.
The closing list tag must be placed on a new line, otherwise it won't render.

Doesn't work

[*]List item[/list]

Works

[*]List item
[/list]

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