FF7 is turn-based, but without pauses in the action.

[Azuren]

OdinHades said:
You guys do know that FF7 never was turn based to begin with, right?

That said, let's just wait for more info. The game's at least two years away for crying out loud! I don't think ANYTHING is set in stone at this point and the game will look a whole lot of different than in the trailer in the end.

Turn based is a blanket term for games that offer no real control over your character, only issuing commands. Adding movement to a mix transforms it from turn based to a Tactics, which is just a subset of turn based. Adding in literal semantics like "it's actually menu-based with timers" only serves to confuse.