Well, I'm not using Firefox as a default browser in my Ubuntu Linux (10.10 Maverick Meerkat 64bit) box is just because of the start up time. I have some of the extensions I need in Chromium and it is good enough for me to use this as my default browser.
I have no problem with Firefox memory consumption as it is using about 350MB when I have opened top 40 sites from *www.100bestwebsites.org/ which seems fair... I opened the same 40 sites in Chromium v6 and the memory usage was about 550MB..
Also, Firefox uses more and more memory as it is kept open for prolonged times based on the available memory, I guess. It uses it more smartly. Chrome on the other hand is snappy and fast and I prefer using it despite of the fact that it may use more memory than Firefox most of the times.
Also, Chromium has poor tab management than Firefox if you have to work with lots of tabs at once that is..
I have FF 3.6.3 and Chromium 6.0.427.0.
I hope FF 4 comes with improved speed and snappiness as Chromium...