Sev of PlayStation Lifestyle says,
"While, I CAN confirm something having to do with FFVII will be announced soon, I also have received the bad news that a FFVII remake is NOT the secret that has been rumored all around the net.
Sorry to have to be the bearer of bad news, especially with the recent announcement of FFXIII not being PS3 exclusive any longer. I am sure you all know that I wish I was confirming it right now.
Anyways. Hopefully, I have some more info that I can actually talk about by the end of E3."