I mean, you really could have said the same thing about IE 4 when it came out. It was actually better than Communicator at the time, which was a bloated, unfocused, mess of a browser.
It's hard to find news and reviews from 1997 to back me up, but here are a couple accounts I found recollecting their experiences with the browsers: https://www.quora.com/Why-did-Netscape-lose-ground-to-IE