RUMOR: FFXV to be revealed at E3 2014 for PS3/360/WiiU. Released in 2015.

[Barozi]

So they rather postpone a game that everyone's been waiting for and missing out on the profits for FFXIV which was a huge flop instead of just cancelling the improved version (which will probably flop as well) ?

Yep sounds like Square-Enix.