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A few of the features I'm excited about.
Smart Location Bar
"In Firefox 3 the Location bar has been completely revamped in extremely exciting ways. Affectionately nicknamed the “AwesomeBar”, the new Smart Location Bar lets you use the URL field of your browser to do a keyword search of your history and bookmarks. You no longer have to remember the domain of the page you’re looking for — the Smart Location Bar will match what you’re typing (even multiple words!) against the URLs, page titles, and tags in your bookmarks and history, returning results sorted according to an algorithm that combines frequency and recency."
More efficient
"Memory usage tests measure that Firefox 3 is 2x more efficient than Firefox 2 and 4.7x more efficient than IE7. There’s been a tremendous focus on performance for this release, and an incredible amount of effort has gone in to achieving these numbers."
Color profile support
"Firefox 2 does not include support for color profiles, so the browser renders colors as best it can without doing special tweaks based on your system or custom color profiles. Firefox 3 does include full support for color profiles, allowing for a richer and more vibrant range of colors to be displayed in the browser. For a variety of reasons, however, color profile support is turned off by default and must be enabled through your custom browser preferences. It is likely that a future version of Firefox will see this feature enabled by default, which will be a happy day for photographers and visual artists everywhere."
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