trailer
"Dry those tears you fanboys, I know that most of you have been sulking ever since that E3 (Electronic Entertainment Expo) which showed what FF VII (Final Fantasy VII) would have looked like if it was on the PS3 only to find out that it was only a demonstration and not an upcoming game. Now, SquareEnix says that they lied to us when they said that FF VII was not being made for the PS3. Thats right, FF VII is coming to the PS3 with a new shiny coat of visuals but with the same story that grabbed hold of us all. Details of the release of the game have yet to be announced. If you have not seen the demonstration video, I highly recommend you to go to www.gametrailers.com to find the video by using the search."
^ some info from anime-source
also, it might be false