Yes Netscape was having problems around that time, good luck trying to finance the development of a complex commercial software project when your competitor is abusing its monopoly by bundling a free alternative with its operating system. You are right about the ancient history timeframe but my points are valid for everything that happened with and after version 6, you know… the point when the web and broadband really started to take off.
And you could have used Opera or the Phoenix/Firebird Firefox-precursor instead of IE6.