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About Firefox 3 Version 3.0 of Firefox is set to debut on 17 June and the Mozilla Foundation aims to try and set a world record for the most downloads in a day when the software is unleashed.
It will have to do well to beat Firefox 2.0 - that version racked up 1.6 million downloads on the day it was first released in October 2006.
Mr Schroepfer said Firefox 3 promised to be faster, easier to use and more secure than rival browsers.
He claims that Firefox 3.0 loads webpages three to four times faster than Firefox 2.0 and more than seven times faster than Microsoft's Internet Explorer (IE).
However, with all manner of factors beyond Mozilla's control affecting browsing speed those claims may prove hard to sustain.
Alongside the speed improvements goes the "Smart Location Bar" - a feature known as the "Awesome Bar" internally at Mozilla.
Schroepfer: "This is the biggest release by far of Firefox." Mr Schroepfer calls this novel feature: "The biggest user experience change... since tabbed browsing."
The feature gives the browser's address bar a mechanism for quickly returning to web pages without bookmarking them, even if a user doesn't remember the address. It can also search "tags" - keywords that users associate with a particular page.