Last month, Square Enix announced the Vana'diel Project, a series of different projects focused around Final Fantasy XI. In the upcoming May version update, the first chapter of one of these projects, "Rhapsodies of Vana'diel" will be unveiled. This new story content, the final major content currently planned for the game, will connect the various missions and quests throughout FFXI's history together in an epic spanning the rest of this year!

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From Playonline.com:

[dev1263] Rhapsodies of Vana'diel

Joining all of FINAL FANTASY XI's stories into a grand culmination of tales, Rhapsodies of Vana'diel will see the return of characters across many previous missions and quests. Characters new and old weave the threads of an epic adventure that will span all of Vana'diel.

Progressing through Rhapsodies of Vana'diel will increase the maximum number of alter egos a character can call forth and provide a wide range of other perks.

* The new missions will be divided between three major updates.
The May Update will introduce the first chapter of the saga along with an all-new area and fresh battle content.