Well it's not needed at the moment. The original game is still able to be downloaded via the PSN network. The original is still fine and still able to be used and played.
If the game was a bit more broken and rarer to play these days then a remake would be a bit more necessary. But at the moment.. it's not.
Plus SquareEnix needs to focus on getting Versus out, finishing the FF XIII series and starting on FF XV before really heading into the realm of remaking older Final Fantasy games.
They could maybe do a translation touch up and fix and correct all the grammar errors and give the game a updated modern soundtrack; though a full fledged remake would be too risky, take a lot of time and bring out projects on newer games too behind.
Maybe 2015/ 2018 sounds possible. But a FF VII remake doesn't sound too important at the moment.
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