I just bought this game the other day and i have to say it looks a lot like ffxiv. the armory system looks like ffxiv. you level up your char and weapons. you can switch your weapons on the fly as well. its an offline game but they do have a guild leave system in it that you can have you +3 people online join you. You can also creat your own town with what ever shops you want and you can visit other peoples towns/shops they make. all the gear/items you get online you can take back into single player mode. Its a really fun game.
I haven't played the game, but from what I've seen and read, the most notable similarity is that both games rely on "western fantasy" style aesthetics (minus, of course, the giant knight-mech thing that is apparently in the game). The clothes, weapons, and armor seem very medieval Europe/Tokienesque.
It was a game that was on my radar back when it was announced (it was one of the very first games shown for the ps3), but it seems like it suffered from a rough development path, because it was massively delayed. I didn't like what I saw of it from its reviews, so I won't be bothering with it. But I could definitely see it helping pass the time 'till FFXIV.