JQuery Super Labels Plugin
This plugin positions your labels on top of your form fields (similiar visually to placeholder) and makes the label slide across the field when gaining focus and fade out when a value is entered.
(
16 comments
| 31 points
| on HN
)
$('form').superLabels({ slide:false });
I generally use normal boring labels, then modernizer to detect if the browser supports placeholders, if so hide the labels and add placeholders to the attributes
This plugin doesn't replace (true) placeholder functionality, so I suppose it's the same as what you're doing except more semantic.