From Magicbox Aug31 :
P L A Y S T A T I O N 3
- EGM interviewed Square Enix director Yoshinori Kita, regarding to the possibility of a PS3 remake of Final Fantasy VII; He said it would take a team of 300 people to develop the remake in the quality of PS3, and the development would last 5 years. He has so many other projects in the pipeline and a FFVII remake would be a heavy task. He commented if the timing is right, it is a very interesting perspective. It seems Square Enix's first PS3 project is presumably Final Fantasy XIII, instead of the FFVII remake.
- EGM reported a rumor that Sega is working on a new installment of Crazy Taxi for PS3 and Xbox 360, the game will be online and the release date is set to Autumn 2006.
More in the link.