I wouldn't mind seeing updated graphics too. FFXI is a great-looking game, just that stretching the BMPs over certain models just makes them all pixelated and some get distorted. It might not be noticeable from a distance but when you're watching the screen for an extended length of time it's just obvious.
Avatars get a blurry ghost effect (which does look cool but also sometimes pixelly).
Not to mention there's no reflective water, and no refraction. No shiny metals. Why does about 95% of other MMOs including Free-to-Play games, have this and not FFXI? (I HAVE seen it in FFXII, it's possible to an extent on PS2). Then again, maybe I should just shut my trap....