While playing on SMP, was knocked into lava in the Nether. Wearing full Diamond gear (each piece with several mixed Protection enchantments, with one piece of Fire Protection IV), it took 20-30 seconds to swim to a ledge, however with the protections, I took minimal damage. After exiting the lava, however, the persistent fire caused damage at a higher rate than the lava. I've further tested this on SSP in the Overworld and Nether, in the Overworld both damages seemed to occur at a slower rate.
Is this still a concern in the current Minecraft version? If so, please update the affected versions in order to best aid Mojang ensuring bugs are still valid in the latest releases/pre-releases. If this has been done, we can reopen the issue.
Keep in mind that the "Resolved"-Status on this ticket just means "Answered", and that we are waiting for further information on whether this issue still exists or not. We will reopen it as soon as the requested information has been deliviered.