If they refresh CC like they did with CT, it would be very awesome.
About the FF7 / CC question: Imo CC easily beats FF7 (in terms of characters, story, gameplay, graphics, and music), I never liked the FF7 setting, the graphics are too blocky (characters are just lego blocks with a head pasted on it, very bad quality for PS1. Look at CC's character models. Quite a difference.) and the characters too plain. Cloud was slightly interesting and maybe Aerith but the others didn't have any development at all. Well maybe way later on cause I never played past the part where Aerith got killed. CC on the other hand had awesome characters. Even the silent protagonist, Serge. Time and again I sat there with my mouth open wide while I learned about Serge's role as Time's Arbiter. Kid was also awesome, and almost all the characters you get through the story are awesome. Most optional characters aren't that awesome, but I always considered them just random characters to live up the environment and bring some variation in the gameplay.
Well, I don't need to explain here how awesome Cross is. Simply put, when I played FF7 I got bored quickly, and when I played Cross, I was amazed over and over. I'll never forget the first time arriving in Another World and hearing how Serge already died there. Honestly, the shock I felt... It was purely epic.