you DO KNOW that photoshop is not suited to web graphics work, right? and you DO KNOW that the HTML and JavaScript that Dreamweaver creates is a complete mess, right?
Please, my friend, I totally disagree with your logic which is years old.
I hire, build and work in this industry: to say Photoshop is not suited to web graphics is just plain wrong: it has it's raster niche right in there with Illustrator, Fireworks, and Imageready. They all fulfill a very useful purpose.
So no, you are just plain Wrong in this area.
As far as Dreamweaver goes it gets a bit more complex. Old versions of Dreamweaver were notorious for creating page editor pollution. Dreamweaver 8, with proper preferences set, is a fine tool for small sites that require a comprehensive tool for management, especially with client-side contribute integration.
To use Dreamweaver for dynamic sites is a just a wrong choice. I'll take a CMS system (and do use many) or Object-Oriented system like WebObjects, or Eclipse anyday.
But to cling to 5 year old logic that Dreamweaver makes a mess is just plain old school thinking that will put one in an unemployment line fast. I have hired, then fired, and then have watched developers with this sort of logic get re-hired by large web firms only to be TOLD to use Dreamweaver 8 as a management area for hand-written code: and this is fine.
Want Examples: Overstock Auctions, Engage Thoughtware, Carson Dellosa Publishing, Scholastic, etc, etc, etc.
It is always a bit humorous when an experienced software engineer with php/java/sql experience calls me months later, only to report that they now dance with Dreamweaver. I have no love affair with Dreamweaver, but it DOES have a solid, and USEFUL purpose.