Depends on the port, and your definition of wide-angle and macro ... hehe.
The port needed to enable you to zoom, has an extra knob and a gear ring. As with things that have more parts ... it costs more
Because of the magnification factor of digital, 18mm is similar to what used to be 24mm on film, so is the "new" standard for normal wide-angle (in my opinion). Most zoom lenses take macro up to 1:4, compared to 1:1 for a "true" macro lense. So is it wide enough .. and is it macro enough?
No one camera will ever fulfill the needs of the users ... even if the camera manufacturers claim otherwise.
Jeff
Yep, it's entirely based on the definition of Macro and WA. It's more like "scouting" lens. Of course, the quality will not be as good as those dedicated WA or Macro lens.
Typically, before jumping into the water, one will normally know whether the site is for WAs or Macro.
With lens 18-55mm, on a 1.6 crop factor of Canon 400D, it will be 28-88mm 35mm equivalent. With 28mm, it's WA enough in view of "scouting" and don't want to miss out the big stuff action. With 88mm, I believe it should be "Macro" enough. (pardon me if I'm wrong because I'm not really a "Macro" person)
But of course, if one is going to dive in a site that provides lots of beautiful underwater WA opportunity, I guess the choice will be obvious. And If one is going for muck diving, the choice will be obvious too.
So, I would say, yep, 18-55mm is good enough in view of not missing out both WA and Macro opportunities.