I have to pipe in here, too.
When you have a list of some sort, and an item in that list wraps, the text on the wrapped portion should be indented to match the indentation of the start of the item. (Does that make sense?) I think this is how it should work here.
I was able to add a style to the node for the left margin to be -3px, and it aligned ok, but it was then squished up against the lines. I found this to be better, but not optimal.
Telerik, please understand that while this is an issue affecting the smallest of details in presentation, I'm sure I speak for many when I say that it's the small details like this that make a site stand out over the competition.