> Except that new browser won’t support Active-X or Java applets.
That's mostly just used for specialized websites/webapps I think (often internal)? You can still launch IE for that, and use Edge, Chrome, Firefox, or any other browser for regular browsing. It's not substantially different from using Electron for desktop apps when you think about it.
Many years ago I worked for a company that used an internal ActiveX-based application (which worked fairly well for us) and this is pretty much what everyone was doing.
The biggest hurdle is probably corporate policies and such that prevent installing any alternative to IE yourself and IT dept. doesn't want to provide you with one either, but at this point I think that's just $BigCorp's problem and I don't care any more. For the record: I take web compat fairly serious and made things compatible with IE11 up to last year, but there's a limit.