Whenever I come across a Tank, my team and I typically try to run around him and get him from behind while he's going after another person.
It is better to run though. If you can, definitely set him on fire, otherwise, run and shoot. You'll almost certainly end up with a man down and probably dead if you try to outmaneuver it.
LEFT4DEAD411.COM
Bet with disolitude: Left4Dead will have a higher Metacritic rating than Project Origin, 3 months after the second game's release. (hasn't been 3 months but it looks like I won :-p )