I think if any game hurt Versus, it was XIV not the XIII series. The former seems like a bigger drain on the company. They canceled projects for it if I recall correctly.
And if there's any game they don't want Versus taking the spotlight away from, it's XIV. XI was the most profitable FF ever, and they want XIV to follow it up. After people get XIV on PS3 in their hands, they'll probably start the Versus train.
It's much later than I expected, but if you think about it, it makes perfect sense. And who knows, maybe I'm wrong and we'll see something at TGS anyway.
I honestly don't get why people freak out so much. Wada confirmed twice just yesterday that the game is coming along well. They'll release it when it's ready. They can't show anything to the public that isn't literally perfect, since everyone has such insane expectations.
This is what rebuilding the FF brand looks like. Wada fucked it up big time with XIV. He knows he damaged the brand and released it before it was done. He even said yesterday he wants to show Versus when it makes people say "Now THAT looks like Final Fantasy." The only reason it was announced super early was to help Sony with the struggling, $600 PS3.
And meanwhile, their development overall as a company seems to be radically improved. XIII-2 in 1.5 years, XIV: ARR in 2 years, LR:XIII in less than 2 years. And this is before Luminous, which makes that even easier apparently.
People are totally schizophrenic about this. I've read just as many comments complaining about the slow dev time for Versus XIII today, as I read comments bitching about the "rushed" dev time for LR: XIII. Kind of hilarious.