Template in one database table I can live with (pros and cons, multiple front-ends, etc). One template broken up in to 12 tables requiring an 100+ line SQL statement with concat()s and HTML interspersed is insane. Had there been an API or utilities with it to manage it, it might have been manageable, but nope - just "write some queries".
Also, just repeated your comment to a friend who said "that's the worst thing you've seen? can i have your job?" :)