i would say both is important. without imagination, there will be no creativity and dreams to be achieve. Imagination can bring out thoughts and dream to come true.like suri said, life would be dull with imagination but knowledge is more important so you wont feel left out by others. so knowledge+imagination = we can make this world a better place.
Knowledge is more important..
I say this because, many times i keep imagining but fail to implement it.
Developing the knowledge and achieving our goal is very very important.
yees that's ur point of view i respect it,
imagination; knowledge alone is scalar while imagination is essentially the inspiration to create, discover and push the boundaries of the known. without an imagination no knowledge would be perpetuated--plus, life would be dull, wouldn't it?