The Developer integration includes a Dreamweaver Extension to recognise the Actinic template tags. So this means you can preview your site, then switch to Dreamweaver to locate and edit specific templates that go to make up a page.
However, if you know which templates you want to change, then I don't see any reason why you cannot open and edit the templates in Dreamweaver directly.
Current program is Dreamweaver 2004.
It dosen't come in editions or flavours, just straight DW 2004.
It is also included in Studio MX and Studio MX Pro that include other macromedia programs such as Fireworks, Flash etc. in the same way that Microsoft Office includes Excel, Word, PowerPoint etc etc.
You can download a 30 day demo of any of the Macromedia offerings, which should give you the opportunity to suss out if it/they are worth purchasing.
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