When you choose the Open File command in a program there are two sensible choices for which directory should be selected in the Open File dialog.
The first is that the Open File dialog remembers your last choice and goes again to the same directory. This is what Mac OS X was doing until Tiger.
The second is that the Open File dialog goes to the directory where the file in the frontmost window of the application resides (which is, by the way, exactly how Emacs behaves).
Guess what Leopard is doing.