Pretty much what I feared, once I'd stopped hyperventilating and came back down to earth. It's not FF7, it's a game based on a retelling of the events that happened in FF7. As such I'm not quite as hyped. It'd be interesting to see the same locations and events with modern day graphics but I don't think it'll be like that - it'll be like Dirge where suddenly Kalm is a massive city etc.
Corridor based world, menu operated airship, materia used to add an ability to your hack-and-slash battles, same old "you can't do old things in HD graphics" mentality (of course you can. Lost Odyssey did it.)