Downloaded 7.2 yesterday and it works fine! I've been using Netscape since my college days and will keep on support Netscape/Mozilla/etc for as long as they are around!!
While I don't notice a great different between 7.0/7.1 and 7.2, I did notice a few things do seem to work better:
I write logs on Xanga and previous to 7.2, I could not edit in Rich Text mode (which is ok, I use the plain text mode anyway). However, with 7.2, the Rich Text mode now works.
I noticed a few other cosmetic things on websites that now seem to work too. Did 7.2 get upgraded to better work with some of the Microsoft standards or is it just general web standards that N7.2 is now more compatible with?
In all cases, N7.2 works well with what I do.
UserAgent: Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.7.2) Gecko/20040804 Netscape/7.2 (ax)