The choices currently for console MMO's are slim.
You have a few that don't really go in the MMO catagory, Champions Online (360), Phantasy Star Universe (360) and perhaps Sacred 2 (360). And then there is, of course, FFXI (on 360 and PS2). I don't want to simply compare FFXI and FFXIV here, but rather to discuss console MMOs and the future.
To my knowledge, no more MMO's will be coming for 360, unless you count PSU-2, or games with similar online co-op. But these aren't really MMOs, are they? Star Wars: The Old Republic has no plans to go to console. I'm curious to see if Blizzard will try to reach consoles with it's upcoming Titan MMO. But for now, it's safe to say that there are no major MMO's coming to any console in the forseeable future. Anyone know of one?
So when FFXIV ver2.0 hits PS3, I expect that there will be a huge jump in players for some time. There is nothing at all competing with FFXIV in the console MMO market.
People that want to play an MMO on console, with updated content, expansions, new maps etc. will at least try FFXIV. I'm sure that the PS3 release will be the deciding factor for the future of FFXIV. With the clear lack of compitition on consoles, and the incredible scope of the chagnes coming for Ver 2.0, it seems to me that FFXIV will be the very best console MMO available thus far, and possibly for some time to come.
I think there's a couple of problems with people putting too much hope into the PS3 release. First, you're targeting an audience that chose a system with free online service; a lot of these people will not be interested signing up for a monthly subscription fee, especially with the convoluted system SE has in place. Second, PSN sucks. It is not as well developed as Microsoft's Xbox Live service, and earlier in the year it was hacked and the information of millions of users was jeopardized.
Then you have the fumbles made on SE's part- the game will be two years old with a dwindling playerbase, terrible reviews from the initial release, and an inability to capture the attention of the American market. How many times have you seen a person playing World of Warcraft in a movie or television show? I'm sure we've all see those B-list celebrity commercials also. Each time you see that, it's there because Blizzard paid lots of money to cram it down your throat. SE doesn't even try.
I think at best you're going to hope to reach the few people who couldn't afford new computers to play the PC release, and the hardcore players who are looking to dual or triple box. I'm one of the former, a longtime FFXI player but dubious about the future of this game.
"At any given time, the best FFXI player is the one who is having,
and helping others have, the most fun" - Kiyokatsu