They said on their road map found here: http://lodestone.finalfantasyxiv.com...er/index2.html that beta phase one will implement Hunting Log, but that is pretty much all that is said about it. It very well could be a mob information log with mobs you encountered, with details as to what they drop, their weaknesses, HP, MP, magic and so on. I'm still hoping myself its some kind of NM event XD