We did.
I don't really understand the differences between squads and offits.
From what I understand Squads share exp, outfits pool their exp so you can customize your armor. It's more of a guild thing.
I think most of PCI plans on buying the release, so we will play it for awhile, not sure how long everyone's interest will last though.
I was rather disappointed with the up and down nature of the servers last night.