WordFez is a plugin for bilingual (French-English) posts. It is seamlessly integrated into WordPress using a TinyMCE plugin.
It will add 2 extra buttons in the WYSIWYG interface for French and English language. Each button inserts 2 anchors to surround each language. The anchors are labeled by small flags. 
The usage is very straight-forward. The plugin comes with a widget to allow each reader to conveniently and instantly switch between the languages.
You need WordPress 2.5 at least.
New in v0.2.1:
<ul>
<li>Compatibility with WordPress 2.5</li>
<li>Fix a small problem in ‘alt’ fields</li>
</ul>

WordFez

WordFez is a plugin for bilingual (French-English) posts. It is seamlessly integrated into Wordpress using a TinyMCE plugin.

Philipp Bammes

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TinyMCE Clear Float

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WordFez vs TinyMCE Clear Float