When it was released, it was horribly unfinished.  Even if it was finished, the systems in the game were horribly broken and bad.  It was painfully obvious by the limits they put on the player that they wanted to make you play as long as possible by making you level as slow as possible so you would get nowhere in the game but still pay a subscription fee.

On top of all that, they developed the game in a complete vacuum.  They didn't look at what any other MMO did right and wrong, they didn't even look at their previous MMO, FFXI.  Because of that, just about everything about the game was vastly inferior to already established MMO's or just felt 10 years behind the curve (fucking case sensitive inconsistent text commands, ugh).

It might be different today after all the updates and switching around the dev team, but I doubt it.  It had some excellent ideas but it was a bad game at its core.  Fixing it would require pretty much touching and redoing everything.  I think this Miyamoto  quote is perfect for this game:

"A delayed game is eventually good, a bad game is bad forever"

I personally don't see the PS3 version ever releasing.

Game is broken and horrible for PC. Been a few threads on this, the ps3 release is slated for the winter until they see people on PC playing the game are even halfway satisfied lol. Tbh  I don't care for it. I have it for PC, but theres so many other games, and other FFs coming out, theres no reason to bother with it. Square fucked up, let him learn their lesson, boycott etc.

Oh, and don't know if you've ever seen this but judging from your post, you didn't realize the game was as bad as it was. So have a fun looksy at this:

i think theyre holding it back while they patch up the game. theyre releasing lots of updates to it and it is getting better. i jump on on pc every once in a while, there is no monthly subscription yet :) lol

I'm guessing they will delay this game until next year. because Sony have so many other releases that FF14 would have to contend with all those games. and i remember their was a big problem with the amount of RAM on the PS3, which led to 'bottlenecking' so i'm not quite sure how they intend to solve that problem if they're constantly changing and improving the games components.

but imo it will have to come out next year because the PS3 is the only thing that could possiblily save how negative FF14 was pericieved. a successful launch on the PS3 could change everything for FF14 and SE.