Overrated, yes, but it has great potential for improvement with a remake. As the first 3D FF game, mistakes were made that were corrected later in the series; a FFVII remake for PS3 would be the most improvement without changing the feel.
As always after an official comment, there are new rumours going around the net.
This time, it's that Squenix's big, surprise announcement of the last game for their 20th Anniversary will be a remake of FFVII - all of these comments saying that it won't happen are being said just to confuse people.
You've got to admire the stubborness of some people, don'tcha?
I'm not sure. I had remembered reading it in either a magazine or an internet news article that a rumor was circulating that they were going to remake 7-9 for PS2 since they had been rereleasing 4-6 for PSX.
Oh, a little more on the FF on 360 front - one of the higher ups of Squenix has released a statement saying that the comments made by Hashimoto about FF on the 360 being a blank page only concerns current plans - it' not ruled out for the future.
I want them to remake the ones on the NES or SNES if they remake any at all. Those were shit. The new games suck so hard that even bikers get rug burn on their cocks from it.