No. Just no.
There are 3 things to note about this:
1. It's not required/useful to anyone who is competent.
2. No "visual design tool" for web pages has worked, or ever will work. The whole point is that to code something well you have to, you know, understand the code. Therefore point 1. Just write the markup yourself, properly.
3. When it comes to anything web-related, Microsoft is just not a name you trust, if you're a competent or experienced web developer. FrontPage, IE, "Online Services", horrible .NET applications... the list goes on.
Point 1 is really the clincher for me. If you need this sort of tool, you don't understand the underlying code of what you're creating. If that's the case, you shouldn't be involved in the production of any serious web site or application, end of story. Maybe invest the time in learning the appropriate skills by doing some coding, instead of fannying around with a tool the world does not require.