I think a few of Jayne Ann Krentz's books (perhaps writing as Jayne Castle, because of the paranormal element) started with dreams. But she's written 100+ at this point, I'm fairly sure, so a handful of them starting with dreams isn't really a big endorsement of the technique.
Oh, and doesn't Rebecca start with "I dreamed I was at Waverly again last night" or something like that? Not quite an actual dream sequence, since it's the narrator recounting what had happened earlier, but pretty close to it.
I wouldn't be surprised if quite a few of the urban fantasies and psychic-character-based thrillers released in the last few years started with dreams. Riffing off the tv show Medium (which I don't watch, but the few bits I've seen have involved a beginning with the protagonist dreaming and/or waking up from that dream).
Still doesn't make it a good idea in MOST cases. It might be interesting to study some really good authors' use of the technique and see if there's a pattern to why it works for them (or perhaps why it still doesn't work, not really, and the story only works because the author's OTHER skills compensate for the dream sequence).