I've had the chance to work with Safari 3.0.3 Beta (Mac) for a little but just now got around to trying to write posts and such (I typically use an off-line blog client for posts) and have the following issues which I hope will be taken care of when the final version comes out. Many of the problems experienced with the 2.X.X version have been fixed, but there are a few issues that will cause wordpress.com users some grief. I'm going to send this information in to Apple as a "bug" report as well so they will be aware of it.
1. In the visual editor, if you hit return to start a new paragraph, it appears like things are OK until you hit save, or save and continue editing and then the paragraph breaks disappears and you have one long paragraph. A trip to the code tab reveals there is no paragraph break. In the post I did, I had to enter the paragraph break tabs manually in code view for them to stick. If you do a page break and then switch to code view before hitting save or save and continue editing, there is no page break either. So, visually it's showing the break, but it is not inserting the code.
2. When you highlight text to make it into a link and then hit the link button in the visual editor, enter the link URL and hit insert, the link is not coded in. If you take a trip to the code editor, it verifies that the link code has not been inserted. I got around this by doing link insertion in code view. When you hit save or save and return, the link code stays in place. I then go back to the visual editor and continue writing.
3. If you highlight text in the visual editor so that you can change it to bold or italic, and then hit the appropriate button, it does not insert the code. Again, you have to go to the code editor and make your change there. After making your change in code view, it sticks and will appear correctly in the visual editor.