According to Surfer Girl, on January 14, 2007 she revealed that Square Enix is remaking games for the PLAYSTATION Network.
Today, in the comments section of one of her posts, a questioner asks how Square Enix will remake their games, and what games. Surfer Girl responded "Primarily graphical touches. I hear FF7 (again, not in that rumored all-out remake fashion that has been mention)."
If anything, I'd take both Final Fantasy VII on the PLAYSTATION Network and a full-fledged remake. If one, I'd go for the full-fledged though.