Each year, several people make a fake poster about a forthcoming FF sequel. There was an FFVII-2 poster at April Fool's last year, and a couple of FFVIII-2 ads since then.

However, several sites with info on the same title is enough to hint at a genuine possibility, for me.

I'd be the first to agree that VV deserves his own story - a deep, troubled character with a still-vague back-story.

We just have to hope that the sheer speed that they're producing new stories won't compromise the sheer quality that set FFVII so far above the competition. I have faith in them not to let blatant sequel-itis drag the series down in the way that it affected The Matrix.

Edit: Square-Enix have trademarked the name, thus suggesting they're intending to use it.