I gotta agree with leatherhat, the characters look like they belong in a yakuza game as random suit guy you beat up on the street 1-4. They aren't bad but they aren't good either. I kinda get points about the FF7 and other characters not being that great and I agree with some of them too but atleast they were unique and you could never mix them up with anything. Where these characters no matter how much they push the graphics the design is going to be meh.

It's kinda sad that it's taking them so long to get this game out in the open, even sadder because it's Nomura who's behind the game and I haven't yet been dissapointed by a Nomura game.

I have neither lost interest nor gained interest over Versus XIII, it's the same as it has always been. I've always used this moderated approach to games I want launched and it has paid dividends. If I hadn't, I still be despairing at the huge amount of time it's taking Blizzard to release Diablo III (and FF fans complain about 6 years of wait xD).

And I agree with the comments that say that FFVII character design isn't inspired at all. You want good character design? Here's a couple:

Everyone of those was either created by Amano or based off of his work. I miss his art style in Final Fantasy. Nomura is impressing me with Versus XIII, since it's showing he has some range.

Noctis is the only character that has been shown repeatedly and he has had several different outfits. We don't know anything about the other characters and I haven't seen any updated screenshots of them.

Versus XIII is also focused on more of a real setting than any previous Final Fantasy game.

Even so making characters look normal is never a good design choice. 

from what i remember the chracters from ff8 was realistic for it's time, and it was a very very good jrpg, i loved it's realism, but they did also throw plenty of sci-fi stuff in the game as well, ff8 is still my favourite, to this date!!

many people are looking forwards to ffvs for the fact that it may be returning back to the whole" mature theme".

They were realistic and they were unique. I mean even in their school uniforms they stood out more then the versus characters do. 

Will this be released for the ps4?

I said much more focused on a real setting than any previous Final Fantasy game. Nothing about normal design. Have you seen the fight scenes that have been shown off? Far from normal and Noctis doesn't look normal either. Reminds me of Final Fantasy VIII. Larger than life characters that seemed relatable.

Again we haven't seen anything new on the other characters and Noctis looks very sharp in his suit. He is a modern day, fantasy prince.