Actually it was both…. they changed the crank sensor to a more duarable design first. Then the cam sensor and reluctor changed a few times over the years. What Larry Hofer at RayLar has on his website related to the cam sensor and gears is good info.
The Crank Sensor is what caused a lot of heartache and forced GM into a Product Safety recall (06083), not the cam sensors. Also, the story from GM Powertrain back in the day was the cam sensor and cam gears changed to better precisely control ignition timing. The cam sensor and gear changes had nothing to do with durability