The brief preview of the cooperative ARPG's online component is nothing to get excited about -- players can trade their painted and personalized moogles. Yep, Square Enix actually managed to come up with something worse than MogNet.
Being able to customize your character's appearance (ninjas!), though, as you can see from the screen grab above, is the dog's bollocks. The extended movie also demonstrates that you'll be able to flip the action from the top window onto the bottom screen, using your stylus to direct spells and ranged weapons. Jump past the post break for the embedded video.