Square Enix has said that a Final Fantasy VII remake would be "unrealistic," "tough to do in HD" and "not happening." But hold out hope, die-hards, because during an interview at FFXIII's launch party, Square Enix CEO Yoichi Wada finally admitted that the company is "going to explore the possibility" of revisiting the classic RPG. He didn't completely reverse the long-held position, as he says Square Enix has to decide "whether or not we're going to do it, if we're going to do it, and the platform," but he did finally admit that there have been a lot of fan requests to see the game in a new form, so he's giving it some solid thought.
Of course, the huge success of the game's re-release on PSN probably didn't hurt either. If Square's convinced a remake will sell (and people will play through Gaia yet again, possibly even on yet another platform), we'll probably see it somewhere sooner or later.