I really think they should do something like that, but not for ps3. maybe the 3ds or the rumored new Nintendo console, so that they can keep the light and colorful vibe of the older FF games. I would think it would be something like the FF3 remake for the ds where they created actual characters with backstories and personalities. That turned out to be very effective for FF3, and I would imagine FF1 would benefit from such a treatment even more.