http://www.gameinformer.com/b/news/a...quareenix.aspx
I guess they were contracted by SE to work on a FF esque project before SE pulled out? well this is what they had to say:
Here is the tech demo for the game in subject: http://www.youtube.com/watch?v=-YzdzYbEWOgAccording to the founders of Swedish developer GRIN, working with SquareEnix was an incredibly frustrating task. They were working on a Final Fantasy project called "Fortress," and Ulf and Bo Andersson clearly aren't happy with their experience.
"We wanted to come in and revolutionize Final Fantasy, which is exactly what they need," said the brothers. "The latest version sucks of course." At one point, SquareEnix requested the Anderssons send the code via fax. "It is as silly as it sounds. It is an impossible requirement, you can not send ascii or binary codes on the fax. It is backward. Really retarded. It was almost a criminal activity."
SquareEnix thought that their concept art didn't look like Final Fantasy, so the brothers decided to test them by sending concept art from Final Fantasy XII. As they had before, they responded with "It does not look like Final Fantasy."
GRIN may be six feet under now, but their former staffers have formed other studios since the closure. It's possible we may see what they've been working on at E3.
I just saw it for the first time and tbh it looks horrible imo.