I'll be happy with a remake with uber-sexy graphics,
if they do more than simply give it a new look. There are quite a number of, um, faults for want of a better word, with FF7 that I would like fixed. To cliarify on what I mean by faults:
Leveling up. I'd be so much happier with a system closer to FF8 where you need 1000EXP per level, but the amount of EXP you gain is scaled depending on your level compared to enemy level. Leveling 8 characters to LV99 takes more or less forever with the current FF7 system.
Monster leveling. Same as above really, enemies need to level up with you like FF8. That would be nice.
AP gain on Materia. Holy hell, it takes even more work to level high-powered materias up than it does characters. Either less AP per level or more AP per monster. Or a new and updated system entirely
Limit Breaks. Not much to say really, I like them as they are and feel they're the best of any of the games that I've played. However, Vincent and Cait Sith could do with some lovin' (like being able to control Vincent while in beast mode).
Meh, there's plenty of stuff that could do with changing/ updating/ whatever, I just hope they do so. On the other hand though, they could change things and screw the game up completely as well. Tricky situation for Squeenix really