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The original dev team obviously had letting go issues, they wanted a brand new world that still felt 'familiar' to players of XI so they transferred the old races with small changes and new names and lore to give things a new spin. Not really sure why they thought this would be preferable to a brand new fresh world with brand new races ( I would have loved to see that... ) but that's not what they decided to do.
It was a business decision. They banked on XI's players moving from XI to XIV. That didn't pan out very well for numerous reasons. The reverse of what Sony wanted to do with EQII (attract new players but got a good chunk of the people who played EQ instead).