Dynamically-updated previews are wonderful. But because the preview appears below the post, I can only see the top of it. If I'm adding to the bottom of a long post, the browser is working and working to update the preview, but I can't actually see the relevant part of the preview, because it is off the bottom of the screen!
Possible solutions would include scroll bars on the preview area, preview side-by-side with editing area instead of underneath it, or some sort of windowing effect where the preview area would show only the part of the preview around the part of the post that was most recently edited.
Here is a screenshot showing the typical situation on my (1680×1050 pixel) laptop display when editing this answer:
As you can see, only the top of the preview window is visible.