Yeah, patches like this are nice. I'm very interested to see how they overhaul the combat system as well; a more strategy based system with the auto-attack they mentioned would be very welcome. Also, that new job system the director mentioned in his letter has piqued my curiosity as well. Overall, like I said before, I like the direction the game is going in... But now it's starting to feel like it's not quite as unfinished, and some real content is finally being pieced in bit by bit.
As for the targeting system.. Seems fine for me. It was garbage for a few days after they switched it, but then they made the new style toggle-able on and off, and I went back to the old system which I think works great. I use a gamepad though, no idea what it's like for the mouse and keyboard players, but I can't really think of anything that could make the gamepad targeting better, at least for my style.
Anyway, with summer right around the corner, I'm really in no rush to see the new content and overhauls... So I'm fine with SE taking their time and polishing them up a bit. I think this games prime will probably really kick off sometime in 2012, and till then, I'm fine just keeping it on the backburner and playing it here and there. Summer has other stuff to do, and fall always has at least a couple non-mmo games worth playing, so like I said... I think they should be sure to do things well rather than just fast at this point.
Gotta' keep in mind, rushing things out is largely what was wrong with this game in the first place... Then again, the community influence thx to that launch flop era has seen some nice changes, from the new team who I like more, to the more traditional FF mmo direction the game is taking now. I really never thought the game needed to be 100% different from FFXI, just have a few twists, a couple fundamental changes, and of course, a whole new shiny world to explore.
At any rate, yeah... With patches like this, I think they have a pretty good pace going. Some will be smaller of course, but it'll all fall into place sooner or later, and for now we aren't paying to watch it happen so who's complaining? :P