I... am a straight female and I never had a problem with uh "oversexualized" female (or male) characters in any game. I played Scarlet Blade even and thought it was cool (albeit very straightforward) especially the PVP (but the company that published it didn't handle it well).
THAT SAID, I also appreciate the diversity of armors and glamours that this game offers (although some may be pricy because crafted). The NPCs also wear armor that mostly make sense, except maybe Minfilia and her bare tummy that can be easily slashed and that skirt with bare behind over pants. What.
Edit: I love Hilda and Lucia ^^