I am a big fan of finger picking. Actually, thats where most of my creativity shines. Rather than a pick and 4 fingers, with finger picking you have 8 fingers working together (or even 9 fingers if you can incorporate the pinky on the picking hand). I think I do better with finger picking and writing material because it give you more to work with in doing melody and rhythm simultaneously (something similar to piano I suppose you could say); As compared to with a pick, you are limited in producing both rhythm and melody, and most of the time need to either accompany another guitar/instrument or singing.