At Distant Worlds in Pittsburg Final Fantasy composer Arnie Roth told a surprised crowd that a remake of FFXII is in the works.
This is quite surprising since FFXII came out in 2006 and there is already an announced remake of FFVII on the way. Still Square-Enix is known for it recent re-releases of older titles on newer systems.
Updates will be posted as the situatin develops.