The ('correct') semantic markup of a BC should be based on what the BC primarily 'means'.
There is the distinction between BC as a presentation format (navigation in a line suggesting a progression from left-to-right) vs. BC-as-a-transcript (similar to the Back button) of the path the specific user followed to reach this page.
Finally there is the companion term 'topic path'; often presented as a breadcrumb, that show the current page in relation to an information hierarchy or structure (the taxonomy defense).
More thoughts: http://www.motive.co.nz/glossary/breadcrumb.php
<aside>Suggestions regarding additional glossary terms we should add welcome</aside>.
-- Andy Kirkwood | Creative Director
MOTIVE | web.design.integrity http://www.motive.co.nz/ ph: +64 4 3 800 800 fx: +64 4 970 9693 mob: 021 369 693 93 Rintoul St, Newtown PO Box 7150, Wellington South, New Zealand ****************************************************** The discussion list for http://webstandardsgroup.org/
See http://webstandardsgroup.org/mail/guidelines.cfm for some hints on posting to the list & getting help ******************************************************