For a hand saw to be equivalent to a table saw in wood dust production, dispersion and mean particle size it would need to operate at a similar speed continuously. It's the multiple high speed collisions of the table saw blade teeth with shavings which makes the small particles. (Think mulching lawnmower blades) A handsaw produces negligible amounts of the <3 micron dust which travels deep into our lungs and is the most harmful.
Here is a video of a tablesaw cutting wood in slow motion. (http://www.liveleak.com/view?i=e9d_1404960342&comments=1) I don't see this "mulching lawnmower blade" effect that you are referring to. It seems that each pass of a carbide tooth removes some stock and when you slow it way down you would never know if the blade was spinning at 60 RPM or 6000 RPM. Am I missing something here?
I definitely see how a power tool will propel any dust/chips that it creates further because of the high speed. I could also believe that the dust/chip size may be finer due to the relationship between "cuts per second of the blade" and feed rate, but that is not the same as the original statement of "hand tools don't create dust". Bill Pentz also disagrees with the statement that "Hand tools are safe when it comes to dust", but he might be a bit overzealous.