There are many different theories as to what the old gods/archdemons are but I think it is safe to say there are not just dragons, even Great Dragons. The dragon is just the vessel the old god occupies. It would seem they give off some sort of song from their prison even before they are corrupted and this can be heard by the darkspawn and attracts them to it.
The archdemons do seem to have some sort of reasoning intelligence and The Last Flight it displays tactical awareness in battle. The trouble is this intelligence is hampered by the affects of the taint, so it really does seem to have no thought but destruction of those that do not have the Blight. That isn't to say that if an old god were released prior to getting the Blight, it wouldn't still be driven to conquer; it is simply that it might opt for more conventional forces and subjects, just as Cory did. It is also said in that book that the magic that archdemon seems to use does not have its origins in the Fade but instead seems to have some other source, possibly the Void. Whether this is because of the Blight or because it always had its source of power in the Void is another thing that has yet to be revealed.
At present my money is on the old gods being either the split essence/Thedas side manifestation of the Evanuris, the main part of which is trapped in the Fade somewhere by Solas, or they are the Thedas manifestation of the Forgotten Ones who were trapped by the Evanuris or Solas and made their appeal to humanity from their prisons so they could have their revenge on them. All of the Evanuris/Forgotten Ones were probably spirits originally.





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