Traveling... or not?

[rotationslim]

Quick Question:

player takes what is clearly meant to be a shot at the basket, it goes airball, he or she grabs the ball on it's way down, the ball having touched nothing in the air. Is it traveling (player has taken steps while ball in the air). I believe it used to be, but now has changed, and if it is a legitimate shot it is not traveling.

Thanks for the help, it has happened twice this year in out church league, called 2 different ways, just want a final answer.

(having re-read above, I now realize that the fact that it has happened twice indicates the really low quality of basketball we play, but hey, we have fun)