DOMNode objects do highlight in the page on hover in the web console and what is called the "variables view". The "variables view" is used in the web console too when you click on an object to see its properties (it's the sidebar that appears), and is also used in the debugger when paused at a breakpoint (right sidebar that contains the various scopes variables).
So, anytime a DOMNode appears in there, if you hover over it, it will be highlighted in the page.
When it comes to iframes, the webconsole does support the cd()
command, see working with iframes.
We are also actively working on a bug that will add a drop-down to the toolbox whenever there are frames/iframes in the current page and allow you to easily switch from one to the other.