Update: Square Enix has said that development of Final Fantasy 7 Remake is extremely early, but promises further info this winter.
Original report: Final Fantasy VII is being remade. No, really. It is. And it's coming to PS4 first.
A trailer for the game was shown off during Sony's E3 press conference earlier tonight and, well, you need to see it to believe it.
A release date and other platforms have yet to be confirmed.