My answer is both. Here are some snaps that I took last summer with my old faithful SONY point-n-shoot camera. I can still get good photos with it, but for me, it’s all about control. With this great little camera I could only control a few things (mostly composition.) For the rest, the photos and I were at the mercy of the camera’s built-in functions. I took a lot of bad, blurry, under- or overexposed photos because the poor little camera didn’t know what to do.
And Photoshop helps, too. SPL