That’s right, it seems a little weird but it is now valid to wrap block-level elements such as <div>, <h1>, and <p> tags for example within HTML5 a tags.
So, It’s now perfectly acceptable to do this:
<p>Web Design and Development Tips, Techniques, Inspiration & More</p>
What I didn’t know is that this isn’t totally new. When using XHTML 2 it was valid to add an href attribute to any element, essentially doing the same thing.