I smell lots of PR smack talk here, I think they just want to silence us all over this whole FF7 remake thing, 10 years is too long for a development cycle.
They already have an engine, they already have the knowledge required to code for PS3, the storyline and characters have already been created for it.
Seriously I think it would only take them 3 years to do, they don't need to change anything other than the graphics, the story and mechanics can be kept, that would make me happy.
it's the future of handheld
PS VITA = LIFE
The official Vita thread http://gamrconnect.vgchartz.com/thread.php?id=130023&page=1