Yes, but I'm concerned about the number of existing browser engines that have fallen by the wayside, as the project founders have become exhausted. The scope of such a project is incredibly easy to underestimate, and it has only ever gotten larger. Some examples: https://www.reddit.com/r/browsers/comments/124kphe/what_do_y...
All I have to do is stumble upon a heated 100+ post discussion on the implementation details of an arcane feature of CSS to understand how mammoth an undertaking it must be to develop a fully compatible browser engine.
Do we need more "fully compatible" engines? I could imagine there are use cases for browser engines that work with just parts of the specification, particularly the most common ones used in the wild.