Hi,
As you know, WCM web form is to create the content by defining XSD and applying templates.
However it doesnt have kind of behavior you are talking about. You can still include the dynamic values by various approaches (webscript, jsp etc.)
and use the values in your schema definition by import/include functionality…
However it doesnt have behaviour like change the values of dropdown Out of the box…unless u modify the implementation.
For more info…you need to see the Chiba implementation and do some custom coding…