I'm wondering if this game has a point buy system when it comes to character creation, or it's entirely rolled? I'm a personal advocate of having freedom in character creation, instead of rolling them (and potentially getting screwed).

Nothing is really rolled, it's a point-based system.

Each species has a default value for each characteristic. You then have a species dependent number of XP points with which to increase characteristics, choose talents and increase skill ranks. Your career and specialization also provide you with free skills and talents.

Obligation and motivation can be rolled or chosen.

Ah, I see. Thanks. My next question then, is there any limits installed to prevent power gaming or any that are suggested in lieu of?

Well, you can't start with more than 2 ranks in any skill, and it's pretty much impossible to start with more than a 5 in any attribute (as in getting a rank of 5 will completely kill off your starting XP pool).