So here are the current armor sets ingame:

Experimenting with animated parts for some gear effects, like lava for example:

and currently working on armor set skills (cant get them legitly ingame yet, only thru cheats)

Basically, there'll be a mechanic where u can unlock armor set skills with proper NPCs.  As long as you are wearing these sets, their skills iwll take effect.  Though some will have built in skills that is active regardless of wether or not u "awakened" them.

EDIT: -additional skill- Also added another one not show, basically makes your knocks and stuns stronger.

Skill shown below is called Lurking Shadow.  After dodging, you lose aggro and cannot be targeted for some time.