Difference between DOM parentNode and parentElement
parentElement is new to Firefox 9 and to DOM4, but it has been present in all other major browsers for ages.
In most cases, it is the same as parentNode. The only difference comes when a node's parentNode is not an element. If so, parentElement is null.
As an example:
document.body.parentNode; // the <html> element
document.body.parentElement; // the <html> element
document.documentElement.parentNode; // the document node
document.documentElement.parentElement; // null
(document.documentElement.parentNode === document); // true
(document.documentElement.parentElement === document); // false
Since the <html> element (document.documentElement) doesn't have a parent that is an element, parentElement is null. (There are other, more unlikely, cases where parentElement could be null, but you'll probably never come across them.)
In Internet Explorer, parentElement is undefined for SVG elements, whereas parentNode is defined.