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I'm not holding my breath.

Versus was supposed to be THE premiere game to showcase ALL of the PS3's capabilities. Of course, this game was announced to be in planning stages and development back in 2006. Only one trailer and a handful of quotes since then.

Perhaps if Square Enix pulled their heads out, stopped denigrating the series with a bunch of "Lightning" sequels (I couldn't even finish XIII, was by far one of my least favorite in the series), and started working on supposed blockbusters such as Versus, then they would have confidence from the fans again. As of now, SE is a big joke, and I won't buy another one of their games until either Versus XIII is out, or we see something other than this overused and abused Lightning Saga.

I will be extremely disappointed if this ends up going multiplat (this game in particular). I would also like to hear something on a Kingdom Hearts 3 for PS3. It only makes sense... 

Square Enix could have really shook the gaming community (for it's standards on this console generation) if it had released Versus XIII and Kingdom Hearts 3 by now. And they lost their chance with FF XIV. I'm sure it will be better, but, I've waited too long. Had they released it on time, I could have been playing it this whole time. Now, my schedule doesn't fit any time for an MMO. 

Edit: I'd like to add that the main reason I bought a PS3 was for Versus XIII. That's how promising this game was supposed to be from it's first "announcement."