I also wouldn't say perfect but it's not too much of a stretch to say that 1.20 should get the game to the point where it should have been at launch. Imagine how the game would have launched had Yoshi-P been running it from the start and actually taking in the Beta feedback. Most of what we are seeing is amended versions of what Beta testers said.

Combat fluidity and Auto Attack
Targeting and Camera controls
Change to Physical Level / Rank system
Class specialization
Transportation Adjustments
Simplification of Crafting

Here is what I would still like to see implemented
Auction House
Way to Stack Items
Option to turn off tool-tips
Change to selected skill indicator (Can't really tell what skill I'm on)
Better response time on item transactions
Auto Attack while your action bar is closed
Multiple Action Bars or more spaces

Givens:
Chocobos
Class Balancing

Other than that, mechanically it's pretty sound now. Just tweaks and balancing needed. And content of course!