Preferences definitely vary. Our graphic artist at a former employer had a Wacom tablet but she drew everything on paper first and then just basically used the tablet to digitize it. I've never found anything I really loved but, then, I'm pretty bad drawing and writing on paper too :-)
Yes, it's sure hard to beat the sensory and esthetic experience of putting pencil to paper. No digital method can come close to it.
OTOH drawing on the computer has a whole new set of features to offer that are completely novel and can't be accomplished in other ways, certainly not easily.
So like in most things, different "tooling" involves tradeoffs, no single solution ever covers it all. We usually have reasons to go one way or the other. In any case, not tool can make up for dearth of talent, how well I know the truth of that statement!
