Square Enix denies Final Fantasy VII remake

In the recent issue of Electronic Gaming Monthly the magazine made a comment in their PS3 section about the classic RPG Final Fantasy VII.

"Last year, Square Enix teased everyone with what was called the "FFVII PS3 demo," the article states. "Well, what do you know? This test case was really a sneak peek at a next-gen revival of the PS1 role-playing hit."

Everywhere on the net things were placed like "FF7 Remake Confirmed!", but when IGN asked Square Enix more about this they stated this:
"Since the FINAL FANTASY VII tech demo at E3 2005, there have been a lot of rumors about the presentation hinting at an actual remake. While the June 2006 issue of Electronic Gaming Monthly confirms the remake for release in 2007, Square Enix has never stated this.

We have however confirmed that development has begun for Final Fantasy XIII and Final Fantasy Versus XIII on PlayStation 3. These titles are part of the Fabula Nova Crystallis Project which also includes a mobile game titled FINAL FANTASY Agito XIII."

Now it's not that the game never will be made, it is just not the time for it yet.