The latter is crazy. Consider the expression "F{e^{-t^2-y^2}}", which might stand for the fourier transform of a 2d gaussian, or it might be the fourier transform of t, with a parameter y, or it might just be the fourier transform of a constant function, or... It is only really defined in the surrounding text. The notation is incomplete and while in this example that might not be such a large problem it just gets worse as you pile on complexity. All integral transforms are written like this, as are expected value, variance and so on.
A lot of times notation in math is choosen to be suggestive. For example, the integral and sum notations are actually pretty neat, since they make common manipulations more visually clear. In particular, since the order of integration doesn't matter, putting the binder inside the integral as a "factor" is actually pretty inspired - commutativity makes Fubini obvious. The "d/dx" the author complains about can be made precise and is similarly great. Consider "dx/dz = dx/dy dy/dz", doesn't this just look entirely natural? But there's something about manipulating functions as first class objects that seems so unnatural to mathematicians that it needs cryptic notation to ward of the unwary...