Bug, feature request, or proposal:
Bug
What is the expected behavior?

Expected that both placeholders would align vertical with each other in floating state.
What is the current behavior?

There is a little miss alignment in the vertical spacing.
What is the use-case or motivation for changing an existing behavior?
Styling should be consistent.
Which versions of Angular, Material, OS, browsers are affected?
OS: macOs Sierra
Chrome: Version 56.0.2924.87 (64-bit)
Angular: 4.0.0-rc.2
Material: 2.0.0-beta.2
Is there anything else we should know?
A possible solution is changing the .mat-input-placeholder-wrapper top property.
Current
.mat-input-placeholder-wrapper {
top: -1em;
}
.mat-input-placeholder-wrapper {
top: -.7em;
}