Yes and no, Yes because it's FFVII, not because it'll be rubbish, because gameplay and feel would be different. If they do a remake they should do graphics only but the graphics should just be an inprovement on the already existing game, so still pre-rendered scenes Cloud walks around in fixed cameras' No 3rd person view at all. FMVs must be exactly the same just modern. A world map. No voices what so ever, still just text to read (you can get a lot more narrative in text boxes than you can voices which take up disc space).
Hmm, pie.