use div construct instead of list construct for categories?

Is there a way to get the list_cats to use a div structure rather than a list structure? For example:

<?php list_cats(); ?>

is the normal construct… but is there some code or tag to have:

<div>
<?php list_cats(); ?>
</div>

where it DOESN’T add

• cat

as it loops through?

Ideally, I’d like to use sub-categories, too. (child categories)

My goal is to generate a “tree-menu” structure like that of projectseven.com’s TMM (Tree Menu Magic).

Alternatively, if it is not possible to generate this as a dynamic menu of all categories, what would go inside the link in a static menu construct to call the appropriate posts for any one category?

is this correct?:

<div>Name of Category</div>