Yes,it's for PS2.Square is thinking about putting a multi-player option.......it IS a sequel........1 year after the ending of FF7.It has Vincent fighting a group of ex-ShinRa soldiers.......I forgot the gang name.....it will also feature Cait Sith,minus the fat mog & Reeve(DUH!) from the previous game.Eh.....I can only remember so much.......the U.S relase date is uncertain.