Yes, it is possible for a game to be considered "released early" in 2012 even after having been originally made in 1997. The new PC version of Final Fantasy VII showed up for sale on the website last night, according to reports on theforums.
The problem is that the downloaded copies don't work yet. The automatic license activation (through the SecuROM DRM) failed for those who bought it, and manual serial number entry also didn't work.
If that's how it is for early purchasers, it's probably a good idea that Square Enix pulled the apparently erroneous purchase links. The total price attached to these early sales was $12.70, so expect that to be the price when it's ready for prime time.