I think that there are plenty of people who do what you describe in the terminal.
The browser is for looking up online documentation not available in your local machine. For example, sometime a man page is not available in my local machine. I can invoke a google query right inside Emacs and open it immediately without involving heavy weight browsers.
It is really nice to read online book like Practical Common Lisp: http://www.gigamonkeys.com/book/, and directly copy the code and paste to your REPL without ever leaving Emacs.