How Do You Use UML?

christophe.vg asks: "We are currently investigating the feasibility of a new (open source) project and part of this study involves a scope definition of how people/developers currently actually use UML. So there it is: How do you use UML? Do you use it to have nice class diagrams to pin up to the wall so you/it just looks great or do you first model out every little detail into class and sequence diagrams before generating or writing even one line of code? Now for a moment, let's dream the UML dream. Do you think that in the future one could maybe even envisage software development where UML could simply replace all existing coding languages? One could argue that coding languages are merely formatting tools to implement the actual logic, which can be portrayed 'in a Unified way' using UML schemas. What are your ideas regarding the real merits of UML, currently and in the not so distant future?"