I wouldn't necessarily be opposed to an HD re-skinning of FFVII (or any of the SNES games) as long as it stays as a re-skinning like Super Turbo HD Remix. Hell, I'd probably even allow for some re-balancing and tweaking like in STHD (FF7 could use some balancing in certain areas), but nothing more.
Er... maybe a re-translation/localization by a competent speaker of the English language.