It's unfortunate. IE6 is technically downlevel in some areas where NS7 is uplevel... but good luck trying to get MS to admit that :) As it is, one supports the standards and the other supports some of the more neato features... but as you've pointed out, Netscape has some advantages in the coolness department. Too bad we can't get them to support a common VRML standard; now THAT would be fun.
Ah, the life of a web developer; and to think that client-side development is one of my favorite areas! At least I don't need to pay a shrink to tell me how masochistic I am...