I really love both. I probably prefer turnbased but only when it has something extra to it which is allowed by the waiting. FFIV-FFIX had a great ATB system, while FFX had a good wait system, but these all were very similiar. What I like most is SH's battle system type, one that waits but uses the time to do something such as the ring in SH. Or the grandia 2 system where it waits for you so that you can think about things like canceling. Other examples of this type are LOD (which didn't work so well for me), XS2 (not as much but I liked breaking enemies), and FFT.
Mostly they're equal but if they do something special with it I probably prefer turn based. I'm gonna vote don't care because I've also seen turnbased that I thought was worse like Suikoden.
What I find as important is being able to set up characters interestingly out of battle which was done well in FFVII, and FFVIII was pretty good for that too.
Edit: Oops... fixed that now, my bad, not thinking forgot the V.
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