It seems unthinkable that SE will not cash in on an 'enhanced' FFVIIR on PS5. It would cost them little for a big return.

For future games, no doubt it will be on next gen consoles, maybe concurrent with PS4 if it comes as late as early 2022.

The transition from PS4 to PS5 will be an odd one as there is not a ton left to gain on new consoles.