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I am seeing this problem with MVC 1, using version 2010.1.309 of the controls, however it can also be replicated using your demo page http://demos.telerik.com/aspnet-mvc/Calendar?theme=vista with the following settings:
- show dates between 1/1/1900 and 7/14/2010
- have pre-selected 6/15/2010
I have so far only tested with IE 8 and Google Chrome.