Not only isn't Dreamweaver dead, but it may shock many to know that Director isn't dead either. Why? Well in the case of Dreamweaver you have an audience that

Not only isn't Dreamweaver dead, but it may shock many to know that Director isn't dead either. Why? Well in the case of Dreamweaver you have an audience that invested a great deal of time to learn a toolset. And while under the hood there are better ways to code, jumping from WYSIWYG to looking at lines of code is a real turn off if you don't do web production as your full time occupation. The other reason is that even by offering an upgrade path to other Adobe tools a certain percentage of users will leave Adobe when a product is discontinued. Of course Dreamweaver is dead to folks who really do HTML all day, but I suspect that those folks never really used Dreamweaver back in the day or they stopped using it when CSS for layout started to become popular. A key lesson that many of us can learn from this is that ease-of-use is really important to a non-tech audience. When I look at developers playing with HTML/CSS it reminds me of a phototypesetting machine setup circa the early 80s before desktop publishing programs came about.