To be honest with you, I have not explore this feature using Dreamweaver enough to offer any opinions yet. I think it could be a great feature to use when you have multiple web pages that need to be consistent with easy
maintenance. Until now - I honestly didn't know about this "Template" before, I used to make a "blank" page including general menus, genearl features, logo(s) and images in the beginning, and then "save as" the blank page to create any subsequent pages. I guess you can call it somewhat like "template"...this works just as great if you know what you are doing. But in reality, if you were to have someone less knowledgable on creating websites maintain the web pages, it is definitely the better way to go using the Template option. I will be mastering this feature using Dreamweaver for the next a couple of days and create a couple of templates.
Please feel free to email me with any comments and/or quetions!