1. Manual save, on the toolbar. For the savaholics!
2. It's somewhat fast at refreshing, but have a dedicated Refresh button on the toolbar, not under the Share panel. If I'm working with some friends and they're all editing, I want to refresh it. Kind of like when you know Twhirl/any other desktop Twitter client is going to fetch new tweets automatically, but you still feel like refreshing.
2.1. Alternatively, let me move the Share Panel around. This could be an option you implement in conjunction with the above.
2.2. Alternatively, have a refresh button only when the document is shared.
3. When you save current document automatically, show it in the documents dock, just to give people reassurance, and to familiarize them with the UI.
4. Anglular (Z, etc) vectors turn into angles, not rectangles.
4.1. Freehand mode by default.
--EDIT--
5. I realize it's hard (with regard to the sharing and synchronization of the whiteboard shared users), and probably something to think about for the future, but uploading of images to use as objects would be extremely useful in, say, mocking up UIs collaboratively, or diagramming.
6. Maybe make the text feature more noticeable by making a text tool button on the toolbar. Most people will learn using the app by trying it, not by watching the video. (I didn't, at least.)
This is impressive. Great work with it, I will be definitely using it!