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would you say the same for Images?
i personally use the ALT tag only and not the title however, I noticed a few websites which appear top in the SERP's use both.
The alt attribute is ment to be a short description of the purpose/content of an image, if the image somehow should become unavailable.
I haven't used title attributes on images, myself. But I don't see any reason why the title attribute shouldn't be used on images as well as in links.
That test was about 6-8 months ago, so things obviously could have changed since then.
However, as pointed out, even if they don't help with rankings, they do help with accessibility.
[edited by: Philosopher at 5:41 pm (utc) on Oct. 22, 2007]
I've tested a couple times since then and still see no evidence that the title attribute matters for SEO. But it certainly can help the end user - especially when the linked text (or image) does not tell the full story about the link destination - as it often doesn't in some contemporary blogging styles.
<img> - title attribute's value describes the image
<a> - title attribute's value describes the link's destination