The problem is that there are simply no good free browsers that are not Chromium-based or Firefox. It doesn't seem viable or worthwhile to write a web rendering engine from the ground up. We're heading rapidly towards a Blink/Webkit monoculture.
Currently. Though Mozilla is giving no clear plans on continuing the projects importance. If anything it seems Mozilla is planning for an eventual sunset. Hoping to have revenue alternatives for when Firefox is irrelevant and they stop supporting it.
Firing a team building a meaningful advancement in Firefox's tech stack is a big signal, imo.
It's pretty good, albeit much less good since the old XPCOM extension support went away. (My position is that XPCOM compatibility could have been maintained in a multi-process world through better dynamic object proxying.) But as Mozilla's money dries up, so will Gecko, Servo, and a bunch of other fascinating projects. It's sad. But the web won't stop evolving, so we're going to end up a webkit-only world.