For the blades themselves, you don't want them to be jostled around - that can cause nicks in the teeth of the blade. That's also why you should not keep knives in a drawer - they should be in a block, wrap or on a magnetic knife rack. My dishwasher has strong enough jets that I can hear silver in the cutlery boxes banging around sometimes.
If you have wood handles, they shouldn't soak too much in water. They're usually sealed but the hot water and strong detergents will eventually eat through and cause the wood to expand along the grain. I've had a couple of sharpening steel handles come off because of this - it's especially bad for knives that don't have a full tang.
If you have full-tang knives that don't have wood handles they can probably do OK if you don't have them near other cutlery in the dishwasher, but I just don't risk it for my good knives, personally. The el-cheapo steak knives and stuff, sure, but not the good ones. /infopop/emoticons/icon_smile.gif
Personally - and this is just IMO - a good knife is an investment and should be treated with care. I keep mine honed before each use, professionally sharpened once a year, kept in a nice block and washed by hand. I've had a couple of nice knives last over 12 years this way, and I hope they'll last another 12 or more, they're as sharp now as ever. And they sure make it much easier to slice my 'que!!! (Late entry on-topic course correction...)