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With patience and a few homemade jigs, you can do a really nice job with a circular saw. Table saw are extremely nice and useful, but you should be prepared to buy a good one. A cheap table saw is far worse than a circular saw IMO.
For any precision cuts (like finish work) you need a miter saw. I tried to do some moulding work with a circular saw and a hand saw/jig and let me just say I now have a miter saw.
My last suggestion is regarding blades. I keep several good quality combo blades for different cutting options. Why? Blades do get old and dull leading to ragged cuts. So I have about 3 different blades that I use. The oldest blade I use for rough cuts or if I need to cut wood that may have sand an unknown nail etc in it so I don't ruin the better blades. I have my general use blade that I use for most everything else, and lastly I have my newest blade that is a finer tooth that I only use for finishing cuts.
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