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Also, is there a lot of weapons and armor?
Yes. Yes. Yes. Most classes are going to be limited (by their own choice) to one type of armour, save Minstrels, who can be effective with either medium or light. There is so much different armour, and many different ways to build your character, that I rarely see another player with the exact same gear as I have. Most classes can use a wide variety of weapons, as opposed to other games I've tried such as WoW, EQ, or XI. Minstrels, for example, can use swords, clubs, daggers, or axes (if the minstrel is a dwarf).
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or is my character going to be needing the exact same weapon as all of the other characters in my class?
Depends almost entirely on how you want your character built. Well, depends on the character, I suppose. For example, a champion could go sword/sword, sword/shield, axe/axe, axe/shield, dagger/axe, etc. In terms of weaponry, they can use all melee weapons save Halberds and Staves, and they also have the ability to use bows.
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Or are there tons of armor and weapons that can make my character not look the same as everyone else?
Yep, there's also a dye system and a dressing room in which you can try different dyes on. See how a piece of equipment looks on you (there are also different styles of most crafted, Dwarven, Elvish, and regular) and how it'd look if you dyed it.