What do you think of the Final Fantasy remake for PSP?

When I first heard Square once again was updating the original Final Fantasy for the PSP, I was intrigued. New graphics, music, movies? Sign me up!

Well, after seeing the first screen shots, I'm not sure what to think. The graphics have been overhauled, as Square promised, but I'm not sure it's for the better. I can't put my finger on it, but there's something cheap/cheesy about them. I'd much prefer they either give it the 3D treatment like Final Fantasy III on the DS or something else entirely (maybe a CG look like in Hudson's Bonk and Adventure Island remakes that appeared on the PS2 and GC a few years ago?).

I'll reserve final judgement until I see the game in motion. Until then, feast your eyes on this pic, which is about the best I've seen thus far.