Considering character creation, to me I don't like the feel of selecting from the same races to make a new character. Though they are not the same and may even be called something different, they are basically taken from the 5 races of Altana.
What I would like to see and one of the things I liked from WoW and L2 was different factions. Not only have the 5 races that we've grown to love but 5 other races of opposite factions. I like the choice of not only selection, but to be good or evil as well. But allow communication, even befriending the enemy (at times). I hated that about WoW where you couldn't understand what they were saying. Also I wouldn't want to see a Xi-LS' coming to XIV split up b/c one half prefers one side while some the other.
As far as PvP goes I've always loved it and thought Xi needed something more than a Ballista-type event. Although always hated starting a new MMORPG and there is some high lvl *** camping new players. Perhaps something like a Mentor-like status where you could "/pvp on" or "/pvp off". Allow party and exp with opposite factions, causing a "Protected" state where PvP can't be activated while members of opposite factions are in same party/alliance.
But didn't mean to get into PvP, lets get to what I really meant to say...
IF there were more than the 5 current races, what would you want to be?
I've always been a fan of Dark Elves with most games I've played, although I also wouldn't mind being a Yagudo! :D