mmm, this sounds like a fun system to dirty my hands with. I hope it makes the final cut and we end up seeing something very similar to this one day.

As for the name, I can dig it. Materia is just latin for material, so it fits further with their current naming themes, I don't think Yoshi-P is trying to milk the VII cow at all. It's not like he is renaming all Gladiator skills; climhazzard/meteor rain/omnislash! etc. Now if he were to rename it to the spoony bard system..