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True! Came to post the same thing - one of my favourite feature of Opera Presto engine was how all the websites in your history was also "indexed" locally, so that you could do a simple keyword search on "History" to find the web page you wanted to re-visit. It was fast and accurate and made it a breeze to find any site in that you had browsed and was still cached, and it was an incredibly useful feature.
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Yeah, I don't know, I don't see how you can't pause execution and store the entire interpreter state and DOM somewhere. Maybe it's just that nobody cares enough to go through all the effort?
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Modern pages would also likely be much more touchy about the imperfections of such a mechanism. A lot of “old browsers good” in general seems to be about modern webdev, not modern browsers[1].

[1] https://twitter.com/awesomekling/status/2001483275546825079

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