I recently came back to this game (albeit, due to the whole playonline mess and the fact that while I owned every expansion up through WotG, I never even made it into Zilart's content, I just went with the simple $10 purchase and started over), and I'm already enjoying it more than FFXIV. Granted, that's partly due to the increased accessibility to someone like me who hasn't the time to play a game that relies entirely on joining parties after level 10-12 like XI used to, but nonetheless, there's something about an open world where you have to watch your step that appeals to me.
So despite being on my third playonline ID, I'm more or less a noob, but I was under the impression that the "now what?" for this game was Project Vana'diel: New content to bring XI's story to a close, the Grand Masters mobile game that's likely going to keep Vana'diel around when/if FFXI is shut down entirely, and the mobile client for FFXI. They're looking at 2016 for the release date on that last one, so it seems like they at least plan to keep the servers up for a little while after that.
Given the mobile client, I doubt they're going to bother sinking time and money into sprucing up the game's graphic engine (which I don't exactly see as necessary anyway, personally).

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