Good photography....

I think its all about getting the best out of your equipment with whatever skills you have. If you are a pro and have a P&S camera, your shots should be nice
but you will feel there are limitations to the ultimate shots you have in mind. Then that will be time to upgrade.

To those novice with DSLR, it means nothing if you shots turn out so so only , as you cannot maximize your camera's potential

So the end of the day, a pro will always have lovely shots but may be limited by their equipment. Novice, will have novice shots whatever the equipment.