Riachu said:
Though it was in development since 2004 or 2005
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Not according to wikipedia
Final Fantasy Versus XIII began development as early as 2003, two or three years prior to E3 2006 in conjunction with Final Fantasy XIII, after the PlayStation 3 Final Fantasy VII Technical Demo was completed.[13] Led by Tetsuya Nomura, the game was developed by the team responsible for the Kingdom Hearts games as well as Final Fantasy VII: Advent Children. As with Final Fantasy XIII, development initiated on the PlayStation 2 but was later shifted to the PlayStation 3 when the development team determined that the PlayStation 2's hardware would not suffice for the "visual expression" that the team had initially decided upon and that the single DVD format did not have the adequate storage requirements. As such, most of the development was restarted on the PlayStation 3.[14]
It could be wrong though.