Nope. With a resistive screen and a stylus you can actually select which pixel you are clicking. With capacitive screen and stylus, not so much... (but the movements relative to the original point are reasonably accurate).
The advantage of a capacitive screen is that you don't need a special technique to use it well, along with the multitouch, and scratch resistance. On a resistive screen you get accuracy (which allows clicking a specific link in a web browser without zooming in), and since you also have pressure sensitivity you can use it for drawing. And you can even implement hoovering.
And yes, my latest phones have been capacitive. Yet, the resistive screens had read advantages.