Microsoft currently has no plans to release a new version of IE until the next version of Windows, code-named Longhorn, which is not expected until 2006. However, the company may consider adding new features to the current IE, but this is no means guaranteed.
America Online will revitalise the Netscape brand with a preview of a new Firefox-based browser scheduled to be unveiled on November 30. The new browser and a new e-mail client will eventually replace the current Netscape software. It is currently in alpha phase. More here.
"It is based on Firefox, but will be Firefox Plus, it has got improvements beyond Firefox." - Andrew Weinstein, AOL spokesperson.