FF7 is turn-based, but without pauses in the action.

[fatslob-:O]

Nem said:

You arent chaining anything. If you notice the big attacks only happen when the ATB bar is full. That is the attack command. The limit break bar is further to the right.

That "ATB" bar looks like it's only meant to charge up for special abilities/attacks so the game is still very much an ARPG ...