Not to mention dragging over text to select it usually results in the entire HTML fragment getting destroyed when Chrome decides that you're actually attempting to drag the text to move it somewhere else.
> It is also broken in that when you do this Chrome rebuilds all the sub elements of what your editing so if there were event hooks or anything like that on the elements they will be gone.
This may not be completely true. In Edit As HTML mode every effort is made to retain the original elements. If you move some tags to another location, the real element (and handlers) should actually be retained.