Either this is true, or a VERY cruel hoax...

[ReloadPsi]

Is this Battletoads?

It is neither true nor a cruel hoax. It's a simple Photoshop job designed to fool gullible people. Cruel hoaxes are generally more geared towards the end of fooling people who are not incredibly gullible.

And I'll throw this in for the millionth time: Squenix effectively admitted that, with all the work that went into animating Nanaki, they couldn't be arsed to animate Cait Sith's giant Mog thingamabob for Advent Children, a movie spanning a hundred minutes. That kind of throws the possibility that they'll do it for god knows how long's worth of in-game cutscenes out the window.

See the absolute lack of an announcement of a remake? That means assume they're not until further notice. That tech demo everyone so stubbornly believes to be a trailer came out like three freakin' years ago, do you not think they'd be finished by now?