They actually clarified the original rumor that said FF Versus was on hold and said that the report was false. With that said, we're definitely going to see FFXIII first which probably won't hit Japan till the end of next year. Then they'll probably release Versus a year later. Throw in 6 months of localization for each game and I would guess middle 2010 for XIII and middle of 2011 for Versus XIII in North America. Add 3-6 months for Europe.
My Top 5:
Shadow of the Colossus, Metal Gear Solid 3, Shenmue, Skies of Arcadia, Chrono Trigger
My 2 nex-gen systems: PS3 
and Wii 
Prediction Aug '08: We see the PSP2 released fall '09. Graphically, it's basically the same as the current system. UMD drive ditched and replaced by 4-8gb on board flash memory. Other upgrades: 2nd analog nub, touchscreen, blutooth, motion sensor. Design: Flip-style or slider. Size: Think Iphone. Cost: $199. Will be profitable on day 1.
