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Proving itself a staggering 42 times faster at rendering JavaScript than IE 7, our benchmarks confirm Apple’s Safari 4 browser, released in beta Tuesday, is the fastest browser on the planet. In fact, it beat Google’s Chrome, Firefox 3, Opera 9.6 and even Mozilla’s developmental Minefield browser. ZDNET used the SunSpider suite of JavaScript tests to determine which browser was the quickest, and the Safari 4 beat every browser in terms of speed, on both a PC running Windows XP SP2, and a Mac running OS X 10.6 with all updates applied.

Below are the actual figures if you want to see how all seven browsers scored against each other, but for quick reference we determined on a PC that Safari was a whopping 42 times faster than Internet Explorer 7, just over six times faster than Internet Explorer 8, 3.5 times faster than Firefox 3, and 1.2 times faster than Google Chrome. Here’s Safari versus the rest, excluding IE 7:

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The Acid test,  tests how well a browser complies with a given set of Web standards. Acid2 tests a variety of web standards published by the World Wide Web Consortium and the Internet Engineering Task Force.

Harrison Hoffman, co-founder of LiveSide.net and contributor to the CNET Blog Network is reporting that Google’s Chrome browser is outperforming the latest “stable” builds of both Firefox 3 and Internet Explorer 7 in the popular Acid3 test. All the browsers tested pass the Acid2 test. However, the only currently released browser to beat Google’s Chrome browser was Opera, which scored an 83. FireFox scored 71 and IE scored 14, whereas Google’s Chrome (which is still beta) hits a 78 out of 100.

Developer builds however, including Firefox 3.1 Beta 1 (85), Opera (91), and Safari 4 (100) do beat out Chrome.

Read the full details over at CNET.

Mozilla VP of engineering Mike Schroepfer claims that Firefox 3 is 9.3x faster than Microsoft Internet Explorer 7 and 2.7x faster than Firefox 2 in terms of JavaScript performance. In terms of Gmail message load time, he claims Firefox 3 is 6.8x faster than IE7 and 3.8x faster than Firefox 2. And he says Firefox 3 beats Apple’s Safari, which is also faster than Firefox 2.

Firefox 3 is slated for full release in June of this year. Unless there’s some major unforeseen bugs I cannot see them missing that time frame for release. If you’re already using Firefox 3, be sure to type about:robots into the address bar to discover a fun little Easter egg. For a detailed list of what Firefox 3 has to offer, check out its release notes.

Download RC1 now