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During Zilart, which primarily was SKY/HNM/Dynamis for endgame, there were a little over 200,000 people subbed (this was late 2004).
Comparitively, FFXIV has around 10-12,000 subscriptions. Seems like they were doing something right in their prior MMO.
You're right- but that "something" that was right was a lot of things, it wasn't just or even mostly HNMs. Please, quit pretending that HNMs were the sole/primary reason that hundreds of thousands of people played FFXI. If that were true, there would have been 1000 people in the dragon's aery every fafnir pop instead of 100-200.