This is an unofficial snapshot of the ISO/IEC JTC1 SC22 WG21 Core Issues List revision 112e. See http://www.open-std.org/jtc1/sc22/wg21/ for the official list.
In 11.9.3 [class.base.init] paragraph 4 we read:
After the call to a constructor for class X has completed, if a member of X is neither specified in the constructor's mem-initializers, nor default-initialized, nor initialized during execution of the body of the constructor, the member has indeterminate value.
Using the term "initialized" to describe setting the value of a member inside the body of a constructor is a misuse of the term: only by use of a placement new expression can a member be initialized "during the execution of the body of the constructor."
Suggested resolution: Change "initialized" to "given a value."
Proposed resolution (10/00): As suggested.