http://au.ign.com/articles/2013/02/05/final-fantasy-versus-xiii-possibly-shifting-to-next-gen-in-2014

Another week, another batch of rumours about the status of Final Fantasy Versus XIII. The latest one to surface claims the troubled-title is now in development for the next-generation of consoles and will finally be released in 2014.

This claim comes courtesy of NeoGAF user Verendus, who adds that when the game finally does surface it'll be without the Versus XIII suffix that it's sported so far.

He purports that all this will be revealed later this year when the game gets another outing; as it currently stands we haven't seen hide nor hair of the action-RPG since January 2011. This fits in with what we've heard previously; Square Enix has repeatedly asserted that the game hasn't been cancelled, and the original plans for the Fabula Nova Crystallis series are still being followed.

In fact, Verendus seems so confident that the game-formerly-known-as Final Fantasy Versus XIII will be released on the next generation in 2014 under a different title, that he volunteers to have his account deleted if the information proves to be false.

He also goes on to say that work is underway on both Final Fantasy 15 and Final Fantasy 16 for the next-gen consoles, with 15 looking likely to be "an exclusive release. Kind of."

Now while this isn't particularly surprising, it's interesting when viewed in conjunction with his previous claims that Versus will be getting a rebrand. What if Final Fantasy Versus XIII is now Final Fantasy 15 and set to be an exclusive title for Sony's console, as it was planned to be for the PS3. This would then mean Final Fantasy 16 would be the next main entry in the series that would also appear on Microsoft's new console.

Ultimately, we don't know. When IGN reached out to Square Enix we were told the company wouldn't comment on rumour or speculation. So for now, at least, we're going to have to wait and see. But with a big PlayStation event taking place in just over a week, who knows? Maybe we'll be hearing something sooner than we think...

There was a guy on GAF who said that one FF game for nextgen is exclusive. Its probably FFvsXIII, renamed to something else.

So now I defiantly have to buy a PS4 just so I can get this game? What are the idiots at Square doing anyway?

that guy on gaf is ign's source ;p

if true, then it will be renamed final fantasy 15 ;o

6 years from now: "Final Fantasy Versus XIII Possibly Moving to PS5"

Wouldn't surprise me, didn't Nomura mention that they managed to utilise Luminous engine just for Versus 13s lighting? Luminous predominantly appears to be a next gen engine and they wouldn't want to squander the only opportunity they have to bring the FF franchise back to its former popularity, so they're going all out and porting the entire game into Luminous.

Either way a rumour is a rumour.

Honestly, I've been screaming at the top of my lungs this was going to happen. The title was probably a bit more ambitious then they anticipated and decided just to let it have all the time it needs and make it a next gen title. This also makes a lot of sense since it'll get a lot of attention at the beginning of the gen and if it's still a PS exclusive it'll allow the PS4 to get a strong base from the jump.

I hope SE learned...dont announce a project if it's more than 2 years away. Just bad karma

Mmm....there have been too many rumours about this game for me to believe any of them anymore

That was starting to get obvious. Expecting the same to happen with The Last Guardian.

I somehow can't belief that a title like Final Fantasy Versus XIII will be a launch title for the PS4 or be published within the first two years of the console cycle. The install base would simply be too small.

Final Fantasy Versus XIII never had a release date announced. I can't see why they should rename the game to Final Fantasy XV? I am also not surprised that FF 15 and 16 are already in Production. Since Final Fantasy games are no sequels they need a considerable time in creating a new world, new characters and a new story. And since FF reinvents itself with every other game they think about a fitting battle system for each title. So it seems natural that FF games have a longer development cycle than yearly sequels that changes only so little with every entry.

A long production cycle still does not mean that a full team is working on the title. So the information that FF 15 and FF 16 are already in production means ultimately not much.

And as is quoted in the starting post:
"Square Enix has repeatedly asserted that the game hasn't been cancelled, and the original plans for the Fabula Nova Crystallis series are still being followed."