There have been some confusion about how find works in, the now released, 0.5.0. The confusion stems from the the 0.4.90x betas. One method was used in the early betas and it was changed later on. This all stems from the regular expression engine being changed from QRegExp to PCRE. The issue at hand is how and when the cursor is taken info account when running a find. In this regard 0.5.0 works no different than 0.4.2.When doing a count the cursor is ignored. The entire document is taken into account from start to end.
<div>blah <div> blah </div> blah </div>
The expression will match the text from beginning to end. If you put the cursor to the right of the first < then the math will start from the second div and go to the end. This is because regular expressions can match a variable amount of text. Unlike a fixed expression like "abc" which will always match "abc".
Finding backwards will match from the start of the document up until the cursor position. This is done by finding all matches from the start to the cursor then using the last match. Again, in the case of regular expressions, a backward find can match different text than a forward find.
Find forward and backward find from the cursor so its position in the document taken into account. In the majority of instances find backward, forward and count will all match the same exact text. However, it is possible, due to their nature, to construct a regular expression that can match differently segments of text within a segment of text depending on where the cursor is located.
The above also applies to replace as a find is run to find the text to replace.