I'd like to first apologize for the lack of information that has been released lately and I know that you're all very anxious to hear about the upcoming 1.21 content. I'm sorry that we've not been as speedy as you all would like and I want to reiterate that information is coming and I hope you'll all find it to have been worth the wait.
In fact, Yoshida has just posted (at 5:30am Saturday...) some details that I hope will help to explain the current situation. Without further ado...
Originally Posted by Naoki_Yoshida
Hello! Producer/Director Yoshida here.
I want to apologize for not making an appearance on the forums or releasing a letter. While the letter is not quite finished yet, I wanted to go ahead and let you all know about the status of the patch since the forum is a bit faster medium.
Debugging of patch 1.21 has progressed considerably and we are in the final phases of adjusting the content and systems.
I really wanted to have the specs changed for magic casting and we have been making adjustments up to the last minute, and while the system is not exactly uniform internally with the 2.0 client, we did our best to make the behavior just about the same. Medicines/food adjustments are complete and now we are at the stage where we eliminate all the bugs and wait for release.
The adjustments for the 2 instanced raids have just reached the best parts and the battle QA team has been shouting cheers (cries?) everyday.
I have been checking the overall balance and making necessary adjustments to the job quests since last weekend. The job quests seem to be giving us the most trouble and I have my hands all tied up to make sure it’s ready for the public.
Speaking of 1.21, unfortunately, the release date is looking like somewhere between the 6th~9th of March due to the tall order of adjustments requested by yours truly. I deeply apologize for repeatedly pushing back the release date of the patch, but please bear with us just a while longer.
I don’t think it’s fair for the community if I cut the comment off here so let me take advantage of the dev booth (since I seem to be the only one left here) by taking some screen shots of the job quests and posting them here…
Paladin Quest

Solkzakil: .....No, it's just, after watching your sword skills, it reminds me of a man I once knew.
Dragoon Quest

Bard Quest

Juantell: ...I just can't.... do it...
Black Mage Quest

Kukuluka: Shut your mouth, brat. Is that ear of yours just an decoration?

Kukuluka: [insert filler name here]. That "Shatoto's Stone" you have there is proof of one who practices the arts of Black Magic. You may call yourself as a "Black Mage", and lead others through the powers of destruction.
I’ll follow-up with the precise date of the patch and the status of the job quests during next week’s producer letter. Alright then, I’m going to take a little nap before I work some more tomorrow!
Good night.
Link: http://forum.square-enix.com/ffxiv/threads/37766-Information-on-1.21-Next-week?p=564084#post564084