In essence, the wire will be baked dry by the light.
Perhaps I could buy into that if the fixture runs 24/7 and we forget 300.5(D)
From my experience servicing underground light fixtures it is most definitely a wet location.
The heating and cooling continuously pulls in damp air which the heat than turns to vapor and corrodes everything in the fixture.
I don't have a solution for Short, MI could work but it is cost prohibitive.
[This message has been edited by iwire (edited 10-11-2006).]