How do I acheive the following using CSS3 text-rotate
I am looking at using 2 floated elements (one just with the text and other for right panel) with a container..

Any workaround to make it work in IE8 would also be appreciated..
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check this http://snook.ca/archives/html_and_css/css-text-rotation
write like this
& for IE you can use filter for this
check the fiddle http://jsfiddle.net/sandeep/w7vZd/12/
& for IE8 you can conditional comment or IE css hacks.