Wow that was actually another issue I had with the party system but I didn't realize you could just go up and down again, thanks for that =)
Np, you can also go left and right respectively to target everything else. Like if there's 2 mobs in front of you, one in your left and the other on your right, if you press left on the direction pad it will guarentee that you target the one on the left. You can also go back and forth if you over shoot a target, unlike tab targetting (which sucks monkey ballz).
er wait... does the party name / player in ur party list highlight with an arrow or anything though so you know who you have targeted without looking at whats going on in the battle? I think that's what confused me... ffxi it was pretty much selecting from the party list down in the corner rather than the players on the screen
As far as I know it doesnt. I was just looking at my target box though. I assume they will add a cursor showing who you have targeted on the health bars as well. But no, I dont think it shows currently.