All you need to do is look at S-E's stock price to confirm that, yes, they were indeed sitting on a goldmine. It's about time -- it's been hyped for so long that it was just begging to happen, but I didn't believe the news at first. I've long maintained that S-E would mess up a FFVII remake somehow, but on the other hand, the game frankly deserves a remake given how cherished it is; if it falls short of living up to expectations, so be it.
It would be nice if this came to PC as I'm trying to stay PC-only this gen, but I'm sure it won't be out for a long, long time... so a PS4 should be really cheap if I still don't have one when this is finally released.