Hi Daniel,
The project is relatively young, but it implements most of the WebDriver API except very recent one
(asynchronous script execution). It is used in production for testing web applications, and looks pretty stable,
thought some crashes were discovered recently.
As for known limitations - it is based on one-year-old snapshot of WebKit code, so most recent browser features may be not supported. The only supported platform at the moment is Linux. It is completely headless meaning it does not render pages at all - and it is not possible for now to get page screenshots. However, page layout is calculated so tests can use visual positions of elements, taking into account that size of elements depending on system widgets or fonts differs from other browsers.
If these limitations are not critical, it makes sense to do a test run with webkitdriver, please let us know if you discover any issues with it.
Best regards,
Igor