I've got Dreamweaver at work, but I don't use it much anymore. Microsoft does make a new Frontpage, Expression Web, if that's what you really want. If you're part of a campus license, chances are it's covered. It's nearly identical. I always hated the proprietary non-standard crap it seemed to want to put in everything.

For free, I like Komodo Edit because it does more than just HTML editing, so if you want to tweak the php in that Drupal shell, no problem. http://www.activestate.com/komodo-edit. But you might also want to check out Firebug. http://getfirebug.com

And if it's just something where I need to insert formatted HTML - I use Xinha! Here, a Firefox extension that turns every window into a WYSIWYG editor.