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UPDATE: Final Fantasy Versus XIII Cancellation Rumor Quashed

Over the past few days, the rumor that Final Fantasy Versus XIII was cancelled circulated the net, before counter-rumors spread that the game would appear at TGS. Now, Square Enix have officially confirmed that Final Fantasy Versus XIII is still in development and apparently pretty far along in its life, as Yoichi Wada took to twitter himself to talk about the game:

 “It seems someone is spreading a false rumor about Versus being canceled. Heh, just a few moments ago a regularly scheduled meeting for Versus ended. If you were to see the city etc. presented today, you wouldn’t be able to stand from surprise, lol.”

An appearance at TGS is still likely, but no one is sure what will be presented. Hopefully, it will be more than pre-rendered cinematics or a small sliver of gameplay.