There was a drag and drop product released a few years ago that did just this. I can't remember the name of it now and it's dropped off the face of the planet.
My point really was that people will always want more, more power over what they can do and it's quite easy to lose scope and start putting more power into the solution.
We developed our own CMS at our company, it's not for outside world usage but for internal so it's not that I am adverse to the development of them. If I was a company though, I see no issue in downloading Wordpress and buying a template. You get the added knowledge that you can get 1000's of widgets and you can virtually drop them anywhere onto the design of your choice.
I sincerely do wish the develops all the best in such a competitive market and hope that the niche they offer hits off with designers.
I'll i'm saying is, don't lose scope.