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Personally I think the time is up for Square-Enix to prove they can do anything worthwhile this gen. Out of every company represented Square has been the biggest disappointment since Microsoft kicked off this generation of console gaming back in 2005.

Square obviously needs help and needs it badly. Sony needs to have the PS3 go out with a bang or at least needs a steady flow of high quality games to keep the PS3 going up against new hardware (3DS, Vita and Wii U). What I would do is send a team to Square, offer to cover the additional resources til the project is done. This would ensure the title remains exclusive, Sony can patch up the damaged bridge between the two (something that should have happened a long time ago). Both companies stay face with the gamers because we get the game we want and Square finally finishes a project that people actually give a damn about.