2016 update:
You can create a new stacking context, as seen on Coderwall:
<div style="transform: translate3d(0,0,0);overflow:hidden">
<img style="position:fixed; ..." />
</div>
Which refers to http://dev.w3.org/csswg/css-transforms/#transform-rendering
For elements whose layout is governed by the CSS box model, any value other than none for the transform results in the creation of both a stacking context and a containing block. The object acts as a containing block for fixed positioned descendants.