Both these claims can still be true. I have had a but get through twice, and eventually it was picked up by the app store reviewers, because it was such a hard to replicate bug.
It is certainly true that some QA is better than no QA. Even professional QA's miss some stuff.
It is possible that their QA involves checking whether an app uses prohibited API or whether it crashes the system or hogs memory etc. It is obviously a high level QA. Just search and see how many "task killer" apps available on Android device.
Also, I think if this app-review process is not beneficial to users, I dont think they would have started this in the first place. Sure, it is an issue to thousands of developers, but it is beneficial to millions of users.
Business related motives could be a big reason as well. But, who is not?
Apple aren't your QA team.