Let’s not forget that Final Fantasy XIII was in the works as a PS2 game as well, adding to the overall development time for the latest Final Fantasy installment. I don’t know though, as much as I love to see great remakes of classic games, I don’t really see the need to remake FFVII, especially when there’s a few other titles that I would prefer to see remade. Vagrant Story, which wasn’t a Square-Enix game, was still incredible and I think very underestimated by gamers.

If we were to recreate final Fantasy VII with the same level of graphical detail as you see in Final Fantasy XIII, we’d imagine that that would take as much as three or four times longer than the three and a half years it has taken to put this Final Fantasy together! So it’s looking pretty unrealistic! But if any such situation came about by any remote chance, then yes, we’d do it!"

I’m already anticipating the tons of petitions that will call for Square-Enix to drop everything and pursue a remake of FFVII. I’m not looking forward to that day.

However, Final Fantasy XIII will let players totally not be Cloud Strife on March 9, 2010.

Source: Connected Consoles and Joystiq