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"According to Japanese magazine Famitsu, Square Enix’s Shinji Hashimoto has stated that gamers will not be seeing a playable Final Fantasy XIII or Versus XIII demo until 2008.

However not all the news was as saddening. Apparently Square Enix is prepared to show off new videos of both Final Fantasy XIII and Versus XIII in the coming months and that probably means the Tokyo Game Show in September."

http://www.psu.com/node/12165

No demo till 08, but new videos possibly at TGS.