Yes, if you add that meta tag to the top of your page, then your characters will render properly on different browsers. If the browser doesn't have the proper code page (UTF-8), then it will prompt the user to download it in order to display the page properly.
Keep in mind that with UTF-8, the characters (or entities) are defined using a numerical code (å or something like that). If your pointing to an XHTML doc type, then here's a list of defined codes (things like &).
If you want to use a character that's not defined in the standard entities, you'll have to enter its numerical code in directly. Here's a list of the UTF-8 character set. So for example, if I wanted to use an Latin Wynn character, I would type Ƿ into my HTML page (where 1f7 is the hexadecimal code for the character).
You can read more on W3's page (the section you're interested in is 5.3).
Last edited by tivy; 16 Jun 2010 at 04:48 PM.
All web designers hate the internet. If I spend all day making/updating/looking at websites, why the hell would I want to deal with it outside of work?