<< but couldn't one use a hole saw in a dremel >>
hell no. no such thing exists, sorta. there is a bit that allows you to cut a large hole. it's basically a hollow cylinder at the end of the shaft. but that's not for hole sawing.
hole saws rely a lot on torque and not speed, which the dremel does not provide. the dremel's power comes from it's high rotational speed. hole saws should be used at a low RPM