I'd like to see this succeed, but I'm skeptical that a small team can keep up with the major players in this area. Many years ago Dan Kennedy (of the SQLite team) wrote a lovely HTML widget for TCL/TK. It rendered CSS 1.0 quite nicely, and was a pleasure to use, modulo a few font-related bugs; but was soon rendered obsolete and out of date. Not blaming Dan, here; it simply wasn't a one-person job. Meanwhile, I'd rewritten an app to make use of it. Got burned once, don't want to get burned again.
I feel like part of the solution here is to build the browser as reusable modular components. For some parts of browsers that's been common for years: JS engines (V8, SpiderMonkey, etc) are typically reusable, as are rendering backends (WebRender, Skia, etc), and lower-level components like Freetype/Harfbuzz/icu.
Servo's CSS engine Stylo is also modular, and is shared by Firefox which is part of how they've managed to not completely fall behind in web standards support despite the project being all but abandoned for several years.
I'm building another browser engine Blitz [0] which also uses Stylo, and we're building our layout/text engine in such a way that it can be reused so future browser engines (at least ones written in Rust) shouldn't need to build either Style or Layout if they don't want to.
A few more infrastructure pieces like this and browser engine development starts to look more approachable.
It's several small teams. Servo is modular, and parts of it are useful outside of Servo. Other projects are using and maintaining and enhancing those modules. For example, IIRC dioxus uses many of the modules.
Edit: see sister comment by the actual Dioxus guy, which is more accurate than mine!