Well the template is gone, so I will try to remember what I should do for this.
What I expect:
1. Kill a mob
2. Exp orbs drop
What happens (Steps to replicate)
1. Kill a mob (I showed it with a skeleton, but I believe that it works with any mob)
2. Watch what happens with the orbs.
Related issues
relates to
testing discovered
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Confirmed. At least in creative.

I have confirmed it in 12w49a. If a Mod could, that would be nice.

Is this still a concern in the latest Minecraft version 14w04b? If so, please update the affected versions in order to best aid Mojang ensuring bugs are still valid in the latest releases/pre-releases.

Isn't this a duplicate of the bug where items teleport after appearing due to the client and server disagreeing over position? It's a functional duplicate if not an exact symptomatic duplicate.

I feel like it should be kept just in case it's fixed for one and not the other.

Is this still a concern in the current Minecraft version 1.8.1 Prerelease 3 / Launcher version 1.5.3 or later? If so, please update the affected versions in order to best aid Mojang ensuring bugs are still valid in the latest releases/pre-releases.

Fixed in 1.8.1-pre3. Wasn't observable due to MC-12013 (which was maybe a band-aid to cover this issue)
The EXP orbs still readjust a slight fraction of a block, but not several blocks as shown in the video / screenshots.