In 2005 they made a tech demo based on final fantasy 7 to show what the PS3 could do.

They made an offical statement saying that there is currently no plans to make FF7 for the PS3.

Of course there is a huge desire out there for this game and so it wouldn't surprise me if they were making it (I hope they are) but it's certainly not confirmed and there isn't a chance in hell of it being this year like your date suggests.