elemental dmg had been remove from game, Yoshi had said that sometime ago. And I am fine with the way gear are, because I feel that I can customeize my gear depend on my need and preference

Strength – Strength Materia
Dexterity - Dexterity Materia
Vitality - Vitality Materia
Intelligence - Intelligence Materia
Mind - Mind Materia
Piety - Piety Materia

Accuracy - Heavens’ Eye Materia
Critical Hit Rate – Savage Aim Materia
Determination – Savage Might Materia
Parry – Battledance Materia

Spell Speed – Quicktongue Materia
Skill Speed – Quickarm Materia

Max CP – Craftsmans’ Cunning Materia
Craftsmanship – Craftsmans’ Competence Materia
Control – Craftsmans’ Command Materia

Source: www.ffxivguild.com

there are more than enough to customize your current gear in this early version