Genealogy =γενεαλογία genealogia from γενεά genea, "generation" and λόγος logos, "knowledge",
500 years:ago we each had ~1,000,000 genealogical great (/\20) but of those more than 99% are not represented in our genome (Prof Rosie Redfield, Univ.Brit. Columbia)
To me, just looking at genetic relationships does look rather pointless since most of our ancestors are not our genetic ancestors. There are of course more stable YDNA and mitochondrial connections but these only account for a small proportion of our ancestors.
What is to me far more important and interesting is to study families and individual members of ancestral families, setting their history within a wider historical context. It was those families coupled with the events of their time that led to me or any other individual. Does it matter if Emma Linnett was really the daughter of John Billing if she grew up and experienced life as John Linnett's daughter?
Just a list of dates of births , marriages and deaths; ie a few words on scraps of paper, doesn't seem to have a lot of purpose either though sometimes that is all that remains. (it is amazing though what can sometimes be found even about some of our most mundane ag lab ancestors) Conversely, there may be a lot of information about a family but little to confirm who begat who. I know quite a lot about one ancestral family from their detailed household inventories and from manorial records but little to make accurate connections between individuals and so they have no place on wikitree.
I think this approach can still be called genealogy, since it's purpose is to seek knowledge and understanding of the generations that preceded an individual (though I would still prefer to use the term family historian) Its a long way from looking strictly at genetic ancestors.