FF7 was a huge part of my preteen life (seriously, I had a tight knit group of four friends who did nothing but try to best each other in that game for an entire summer, right before FF8 came out - I was the first of us to beat Emerald Weapon), but for some reason when the Compilation started I had a hard time mustering up any interest at all. I never even bothered watching Advent Children after one of those friends I mentioned said it was terrible.
FF7 didn't need any closure. FF7 needed a slightly better written English script, and that was about it. All of the real plot holes got filled in pretty nicely by the Western/International versions. All I want to see is a direct port with a rewritten script, like the SNES FF games got on the GBA. I don't even want an actual remake at this point.