Both.
I had no idea Gus was that tough and did not know he could keep up his cardio as well as he did, plus his Greco-D was very good. Still, he threw basic combinations for the most part, and relied almost wholly on boxing, without many kicks or true takedown attempts... and yet was still tagging Jones.
I always said that Jones was just fighting small opponents (comparatively) and relied on his size/frame to look impressive. Now we know that to be true.
I don't think Jones is as good as so many thought (not shocking because this always happens with over-the-top fans) and I don't think Gus was as ho-hum as I thought he might be coming into the bout.