Well, I'm only 22 and we didn't even have a computer until I was around 12, so my experience with web standards is relatively naive. I <3 the internet as it is today, and I at least, do have to imagine how atrocious it must have been with Microsoft setting the standard.
IE 4.0 was a revelation and IE 5.0 was fantastic as well - effectively it was death knell for Netscape and all competition (earned MS a monopoly suit, but in truth it was a vastly superior browser to anything out there).
They won the browser war. Then, check out the time difference between IE6 and IE7. 5 years. That's where innovation goes absent credible competition.