I have played FFXI on and off, since NA release, on one account or another. I have spend more than 1% of my entire life playing this game (just on my most recent character), and I no longer see any reason to play this game.
Every update I have seen come out since the latest expansion has struck me as half-assed and barely thought through. The latest expansion itself was released in an unfinished state, and nearly a year later all the content that should have been in it at release still isn't there, and what is there is often half-finished itself.
We're getting a new Merit Point system. Wow! What a wonderful thing we didn't have before! Instead of just expanding the previous merit point system, allowing us to spend more points in existing categories, or adding new categories for us to spend points in, you decided to duplicate the system! Wonderful! What a new, inventive, original idea worthy of having time spent on it.
Cait Sith? Awesome. It's been so long since we had a new Avatar. And this one has all of seven abilities! And they're so unique in their effects, too!
New Delve content? Great! It's not as if this shouldn't have been included from the release of Adoulin. And it's such great, finished content that the new delve stuff doesn't even have its down zones!
Everything I have seen in this game in the last year has convinced me that the development team either does not have the time, resources, or some other unspecific quality required to produce good content. It tells me that they are riding on the idea that we have sunk too much time into FFXI to quit now.
Personally, I think this is due to FFXIV, and SE redirecting resources to try to bolster that sinking ship, to the detriment of the game that people have demonstrated they're willing to play for years and years.
Whatever the reasons, I don't really think this game is worth playing anymore.