Since we're talking about the nature and character of Fantasy as a genre...
Is anyone familiar with James Burke and his series 'Connections'? (1980) This has really influenced my thinking about Fantasy and SF. Burke says Modern Civilization is characterized primarily by the Rate of Change (ROC) caused by technological innovation. He says human society has experienced an increasing ROC since the invention of Agriculture: slow at first, and then faster and faster.
It seems to me that SF is the literature of Technology, and above all, of the ROC. That, to me is what defines SF. How does technology and science alter people's lives?
Fantasy, then, is the opposite of that. The thing about almost all Fantasy I have come across is that it posits a technologically static world, harkening back to a time when tradition and religion (or magic) dominated people's thinking. It's a respite against the relentless ROC that we deal with today, the ever increasing rate of change we see and feel all around us. I think that's the 'fantasy' part of Fantasy that we most connect to. This might explain why so many Fantasy authors and readers draw on Medieval and Dark Age Europe for their inspiration. As members of Western Civilization, that is the source of our traditions and folklore.
So if this is the case, there are a lot of stories that, though they have gadgets and technology, in many ways are more properly defined as Fantasy (in these terms) than SF.
It's also curious, if we follow this line of thought, that Tolkien's The Lord of the Rings might be said to have a strong SF element to it, since it deals with the passing away of the magical world, and the 'coming of Men', and materialism, etc. We see, through the course of the book, how peoples and kingdoms and a whole way of life ceases to be viable because of change, and we sense that, henceforth Middle Earth will go the way of the 'Real World.' Materialistic and Rational, rather than Magical and Spiritual and Intuitive.