I started with DW back in 1999 as a crutch while I learned markup and styling. Gradually phasing out the visual editor over the years I got so accustomed to the code editor (highlighting/shortcuts) that I still use (and prefer) it.
DW got/gets a bad name because of it's visual editor (and therefore lower bar of entry) but it's no better/worse than any other visual editor.
You never used Dreamweaver in your life. It has a great template system which make it easy to generate static websites, live inspection with an embedded webkit engine , and a very good style manager. Dreamweaver is definetly productive when it comes to integration or prototyping.