I think the guitar is just as important, if not more. A lot of your technique depends on the guitar neck that you are used to. So getting a good guitar may not be a waste if your goal is to improve technically. On the other hand, a good amp makes you want to play more, which means you get more practice.
Originally Posted by harmonizer
At the end of the day, a good part your learning is affected by your mental makeup. If you feel that you have inferior gear, you start to feel that you are not as good as your idols because of your gear. This makes you wanna give up instead of sweating it out...
-- My current rig
Guitar: '98 MIJ Ibanez RG520 QS w EMG 81/60
Amp: Laney LC15R Tube, Fernandes 20W SS
Pedals: MI Audio Tube Zone Overdrive, Boss OD3, CS3, MT2, HM2, DS2, CE5, DD7, TU3, Beta Aivin DD2 Delay, Dunlop Crybaby 95Q, Stranger Vol Pedal, BBE SupaCharger
Others: Yamaha RBX 374 Bass, Yamaha MM-6 Synth, M-Audio Fast Track, Shure SM-57, Heet Sound E-Bow Plus
Wanted(pm if selling): EB VPJr/Boss FV500L,Ibanez w Original/Lo-Pro Edge