Today Square Enix announced that the hugely popular Final Fantasy V is currently in development for PS3 and the PSP via the PlayStation Network.

Some of the new features include ;
New CG cinematics exclusive to the PSN edition.
Active Time Battle System
Mini quests
Magic summoning and a whole lot more!

Below is a quick overview of the plot (look away if you do not want to know!)

One day, the Tycoon King, upon feeling an irregularity in the air currents, rushed to the Wind Shrine, only to find the Wind Crystal shattering to pieces right before his eyes. In addition to this catastrophe, an enormous meteor had fallen to the ground, causing earthquakes in the surrounding land near Tycoon Castle.

Unbeknownst to them, this event is about to bring four people from different walks of life together on a common journey filled with new encounters and many mysteries.


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