I found this project the other day while I was searching for something about kde, it's the Swift web browser. Swift is a shell for the Win32 port from the open source WebKit project. WebKit is the rendering engine used in Safari and Shiira, which is based on the source from the Linux rendering engine KHTML used in browsers such as Konqueror.
One thing that I've always admired about the output from Safari is the smooth aliased appearance of the page and in particular the page text. Couple this with KHTML's standards complaint track record Swift may be a neat little browser some day in the future.