wpautop regex issue

I found a minor issue in wpautop()’s regular expressions which generated spooky HTML in rare circumstances.

The line 75 (WordPress 2.3.1) in functions.php, '!<p>\s*(</?' . $allblocks . '[^>]*>)\s*</p>!' cannot tell <param> from <p>, which causes unexpcted results in <object> elements.
I’d suggest replacing it with '!<p>\s*(</?' . $allblocks . '([\s/][^>]*)?>)\s*</p>!' or something like it.