By Yoichi Wada (Square Enix boss) via Twitter:

“It seems someone is spreading a false rumor about Versus being canceled. Heh, just a few moments ago a regularity meeting for Versus ended. If you were to see the city [in the game] presented today, you’d wouldn’t be able to stand from surprise.”

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The executive took to Twitter to describe the rumours as a hoax.

Wada said he attended a regular meeting on the RPG’s progress today, and that fans would be surprised to see how the game is shaping up; he specifically mentioned the city setting.

http://www.vg247.com/2012/07/24/square-enix-boss-confirms-final-fantasy-versus-xiii-still-in-production/

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Edit: - (kotaku)

The rumor, it seems, was wrong! Today, Square Enix head Yoichi Wada confirmed that he just came out of a Final Fantasy Versus XIII meeting.

http://kotaku.com/5928488/square-enix-confirms-the-existence-of-final-fantasy-versus-xiii

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Take that doubters, I hate you all !!

Then I guess you won't have to commit suicide!... as a gamer!

:Now On XBOX 360™

Yoichi Wada I wouldn't be able to stand from surprise the minute we hear anything about the game at all lol

I'm glad for VXIII... otherwise he would have been forced to make a new account on here..

NintendoPie said: Then I guess you won't have to commit suicide!... as a gamer!

What are you talking about !!, I got my whole life ahead of me

VXIII said: NintendoPie said: Then I guess you won't have to commit suicide!... as a gamer! What are you talking about !!, I got my whole life ahead of me

To wait for versus :trollface:

Kynes said: VXIII said: NintendoPie said: Then I guess you won't have to commit suicide!... as a gamer! What are you talking about !!, I got my whole life ahead of me To wait for versus :trollface:

LOL! That was perfect. xD

Sorries, VXIII!!

Let's take a second to mourn the loss of the last traces of credibility this tabloid of a gaming website known as Kotaku, used to have.

Sleazy, cheap, undependable.

Is that good news?