In this week's issue of Famitsu, Square Enix producer Yoshinori Kitase gave an update on the progress for the development of Final Fantasy VII Remake.

I believe that this year will still be a year of preparations for Final Fantasy VII Remake. I’d like to create a new kind of value for the hardware that is the PlayStation 4 for our next announcement.
It seems to be a ways off until the game hits stores. Reading between the translated lines, it seems like 2017 will be a likely target for a release. The fact that they're still talking about it being made for the PS4, however, brings optimism that we may see the game before the next generation of systems.

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Deal with it.