I noticed this today and I have a theory on why the graphic appears different than the actual charge percentage:
Ever notice how your battery appear to discharge from 100% down to around 80% really fast but then takes a long time to discharge down to about 20%, then worst of all that last 20% seems to drain super fast? Well, your not imaging this, that is actually the way Lithium ION batteries operate. They are much less efficient (both charging and discharging) when they are nearly full or nearly empty.
Therefore, my theory is that the battery graphic in the status bar is taking this into account and attempting to represent battery level in terms of usage time left as opposed to percent charge as reported by the OS like nearly all of the widgets do.
I could of course be completely wrong...