Are wishlists useful for people in relationships when buying gifts, or is it more fulfilling to choose something based on mutual understanding?

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One of my colleagues who is in a relationship was asking others for guidance when it comes to buying gifts. One of the suggestions he received was surprising to me. It was to get hold of wishlist of the other person. The argument is, this will help in eliminating the guesswork and ensure the gift is something appreciated. It reduces the risk something would not suit the taste of the recipient. I disagreed with the above thought. Maybe I am old school or perhaps I have not become the new age person. When it comes to buying gift, it must be based on personal connection. It should be based on mutual understanding and based on what the person learned on the other person’s interest, needs or personality. It is all about thoughtfulness and effort into making an item more meaningful and a symbol of care. And the surprise element and excitement is more when you do so and not by looking into wishlist. Well, he took suggestions from all and I am not sure about what he will do. Do you think that wishlists are useful for people in relationships when buying gifts, or is it more fulfilling to choose something based on mutual understanding?