Well, looks like this was thoroughly re-written in NEC 2008. They even changed the numbers.
410.8(A) is now 410.2
410.8(B)(C)&(D) is now 410.16(A)(B)&(C).
410.16 does not appear to prohibit this, so long as clearances are met.
FYI, Another clause was added in 2008 to allow relaxed clearances for LED & flourescent fixtures listed for storage area use.