No, we have a set of 12 place settings of our every day dishes (a few short on certain things that broke) and they all live in the cupboard. I run the dishwasher once a day, maybe once every day and a half. That works well for us, but I am pretty disciplined about unloading first thing in the morning, and loading it up as the day goes on. We also have 14 place settings of our daily flatware and sometimes we use up all the knives making sandwiches at odd times, or whatever. With the dishwasher it doesn't really matter, we just run it when it's full.
I have been glad to have that much, anytime we have guests stay for awhile we plow through the dishes. When my sister comes with her family, usually for about 2 weeks at a time, it adds 5 extra people, and with the 4 of us plus my mom, that's almost all the plates in one meal.
I also have 12 place settings of "good" china and flatware that haven't been used much since we had kids. But I do plan on getting it out more again once they are older.