Actually, it's called remastering. When you take a movie or music album released several years ago and increase the audio and video quality, you are remastering it.
And, come to think of it, you're right; a remake of VII would be a much bigger project, because it would have to be done from the ground up; they would have to add voice acting and entirely new character models. On the other hand, the only thing needed to re-release X is to remaster it in HD.




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