At the Shibuya Tsutaya Final Fantasy XII launch event, when Square Enix president Yoichi Wada was asked about the existence of a Final Fantasy VII remake on PS3, he smiled and mentioned that such remake is likely to happen with a large demand, the company is currently examining the possibilities, but nothing has been confirmed.
This link was also left by the guys at AC.net, if you want more info (I think).
So that's definitely interesting. I'd say that since the compilation is so possible, it only makes sense that they would try their hand at a remake sometime in the future (whether near or far, we can't be sure). Still, I'm not as excited about this as I should be. Maybe it's cuz FF12 just came out (and the opening fmv was beautiful btw), I'm more interested in looking towards the future of FF than I am about video game remakes. Still, FF7 would look absolutely amazing with PS3 graphics. Here's hoping it does happen one day :)
I'm interested, what do you guys think? Are you excited about a remake, or are you more excited about the new projects Square might come up with?