Let's see.. I have Seamonkey, Firefox, Opera, Konqueror, lynx and links. Did I miss any? I don't remember installing any separately.
I routinely use four of those, and I'm happy they are all there. I don't believe in "one app for each task", as no one of them does everything better than all the others. Same thing with media players. It is good to have several tools at your disposal.
As long as it all fits on one CD, having many favorites right there makes sense to me.