During an interview with the Japan Gaming Magazine "Dengeki Playstation", Yoshinori Kitase (Director of Final Fantasy VII) revealed a Final Fantasy title is in the works for the PS3.
With the recent denials that a remake of Final Fantasy VII is in the works for the PS3, several sites have speculated that this may be Final Fantasy XIII. To this speculation Kitase-san responded...
"As a hint, one thing I can say is that the FFVII technical PS3 demo was supervised by me and created by Toriyama-san (Main Director on Final Fantasy X-2) and his team staff. I'll leave it to you, but you can imagine that development is happening via a similar process."
We will bring you more news on Final Fantasy for the PS3 as it becomes available.