Originally Posted by
Elin
Probably because it was never officially going to happen. The opening video they did was simply a tech demo, much like the recreation of Final Fantasy VIII's dance scene they did to show off the PS2, or Arika recently demoing a fighting engine for the 3DS using Street Fighter EX characters and moves. From the moment it was released, SquEnix categorically denied that it was a reflection of any project in development.
There was serious talk at one point a long time ago of VII, VIII and IX all being remade (to what degree is questionable - it could just have been a port of all three on one DVD or something) for the PS2, as well as V and VI being remade for the DS in the same style as IV's DS remake, but anything else is just typical internet rumours.
