Well, Firefox 3.0 alpha 2 has just been released - codename Gran Paradiso.
The release notes indicate that the memory leaks are due to a new 'garbage collection system which promises an improved memory footprint'. Bugs will be fixed before release - the release notes say:
In order to better handle memory issues, a new garbage collection system has been implemented. However, as the process of integrating Gecko into this system is still ongoing, there are some known leaks that result in large memory usage when the browser is used for a long period of time. A restart should resolve the problem, which will be fixed in Alpha 3.
Of course, this is the kind of thing that happens if you aren't using Firefox 2.0 or I.E.: