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I am looking for a UI Automation tool that is compatible/supported for use with IE 7 & eventuallu IE 8. The Application is coded in php and java script, and appears to be pretty straightforward - request/response, form submit, tables, a few dynamic dropdowns.
Re: Tool Selection
As it sounds QTP will do the work for you.
QTP is one of the expensive options however it bring lots of benefits that other tools do't have. I recommand you to download the trial version and check if it gives you what you are looking for,