Netscape to merge Firefox and IE
This sounds like it could be a very good browser. Could please both those that want ActiveX support and a standards compliant browser. Although these may be mutually exclusive (as the browser will give a choice between using Netscape rendering (Gecko) or Internet Explorer rendering (Trident)).
BetaNews Article | CNet News Article | MozillaZine News Article | Screenshots
Edit: IE rendering engine code name, MozillaZine articles