Right on! Imagine if the web served up content and I could write my own processors for it to lay it out however I want...man, that'd be great.
But the Web became about branding the moment they introduced images and font choices. I remember designing a website for my local skate rink in 1997 that had a left navbar with buttons I did in photoshop and cut-n-paste javascript to add a lens flare when you moused-over them. Haha! Suh-weet.