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Apparently there is now support for PhP as well, but I'm not up on that language so I can't tell you how MX treats it.
All in all, though, I think Macromedia makes good products, and if you can get an educator price it's worth staying current. I wouldn't pay full price for it. I hardly ever use my 4 any more.
I've encountered a few not very serious bugs. Experience with DW3 and 4 leaves me confident that MM will release an updater soon and most bugs will be swatted.
just personal use...
However in the case of going from DW4 to MX, you will have the addition of ASP, PHP and Cold Fusion. So it depends on the value you put on these extras as well.
I have been using Dreamweaver and Fireworks MX for some time and rate them highly. Fireworks MX however is not as big a leap from FW4 as MX was from DW4.
Hope this helps.
The other thing is you will need a monitor of a reasonable size.
At work, i use a 17" @1280*1024 and MX, with the full visual studio kills the workspace area.
At home, 19" @1600*1200 and MX is excellant, the environment makes everything quicker and smoother.
When it comes to learning either 4 or MX, i would personally recommend 4, as its a heck of a lot easier to get your head round, then once a reasonable level of competency has been gained, move onto MX.
I would buy it for just the new 'no floating pallets' GUI option.
Besides, if you or the company of which you are part, plan to stay in the web business, I have found staying current with software is generally a good practice. For when has being current or ahead of the curve not served you well? (There are some exceptions with buggy first releases... this is not one of those)