Technological era is medieval fantasy, but magic isn't as flashy as what you'd see in something like The Elder Scrolls.  It's not exactly common, you won't find much in the way of magical colleges or academies, and most magic users typically live alone, away from the prejudice of the common folk.  That's to say it is [i]shunned[/i], as some guilds or organizations may use it (paladins, assassins, etc).  You should remember though, even Gandalf used a sword.  This isn't to say magic is limited nor restricted, it is simply showing you what a caster's social standing may be.

It's a [i]dark[/i] fantasy, sort of in the same vein as Dungeons & Dragons.  The type of characters I like to think of:
Mercenaries: Skilled warriors who sell their services to the highest bidder.
Knights:  Noble warriors who serve, or once served the kings of the land.
Hunters:  Men and women excellent at tracking down and killing/trapping creatures for food and supplies
Assassins:  Hired killers with an affinity at subterfuge and espionage.
Mages:  Spellcasters who tend to live alone and away from the populace.
Clerics:  Spellcasters who use their magical abilities for the good of the people, such as healing them.

Those aren't classes, as I will allow the character to be who they want, but those are the types that come to mind.  I don't want to go to flashy just yet; no vampires/werewolf characters, for example.