Damn, when people will stop with this shit... leave FF7 alone. Square, better this is not true, or I don't give a crap about FFXV in that case.
I don't understand, what would this, even though its probably not true, have to do with FFXV?
Wasting resources of the company in an unnecessary project that delay the game even more.
I doubt FF7 Remake is gonna inhibit FF15 production, especially considering they have said FF15 has top priority over there, they just can't have everyone working on one game and need to have other projects going.
Now you can make the arguement that FF15 delayed KH3 cause the original KH team and Nomura are making FF15, but eventually they said fuck it lets let the BBS team make KH3. Nothing like this would be the case for a FF7 remake.