No it isn't worth the wait I downloaded this movie with subtitles and everything is goo dbut its just fight no storyline the only thing i noticed is that sephiroth makes his intensions more clearly.

(SPOILER)
sephiroth wants to use the planet as a space ship blah blah blah he turns back into that sissy guy witht he skinny sword after cloud does some crappy limit breaker attack. And it wasn't even until the end when you saw all the FF7 characters. It aint worth the wait SE like most japaneese gaming companies love to create a hype towards their non-japaneese customers so there non japaneese customers can pay a higher price than their japaneese customers do.