The only way I could see SE going back to their older library is if enough people got interested in their older games. But it'd have to be a huge amount of people, and as you've said, they're more concerned milking their active profit series like FF7.
While profit plays a huge factor, I think there is also the factor that Square kind of has this "before and after" with FF7. I personally believe that the series was never the same after 7, Im talking about tone, character, setting, music and etc...closest one to pre-FF7 that FF ever got post-FF7 was FF9 in my opinion. Square just doesnt seem to look very fondly at their pre-FF7 actually, which is weird because I say that is my favorite era of the series, especially FF4-6.
Closest thing to any recognition was FF 4 getting the most ports and remasters of any of the pre-FF7 entries. And I think its mostly due to being an entry point to a lot of people, even tho one could say it is the "weakest" of the SNES Trilogy.
Square just seems to prefer their new and improved selves after 7, honestly. Almost every entry afterwards seems to have 7's DNA all over (just look at their designs, almost every main character seem to have Cloud Strife face and hair somewhat, even the most recent ones).
So Square ultimately doesnt seem to like to touch on those entries when they can avoid it. I mean, FF 5 havent got shit outside of "maybe" the Bravely Default series acting like a spiritual sequel and poor 6 only got a crap port on Mobile.
I don't know which company is worse when it comes to killing fan projects: Square or Konami. Personally, I'd lean more towards Square as Konami seems to just not give a fuck most of the time.
Oh Square for sure. I still remember how they took down a non profit Chrono Trigger remake fan project, some thought that was a sign that Square was making their own but its been years and its clear they only did it because its their IP and no one is allowed to "play" with it unless they are profitting from it someway or the other.
Then again, I prefer Chrono Trigger be this stand-alone masterpiece with an obscure sequel and thats it. No reboots, remakes or sequels that will likely fuck it up.
I'm honestly okay with that. I really don't want them to remake PE, they'd botch it up.
The bizarre thing is that P.E was very progressive with its badass and yet human female protagonist in the form of Aya. I consider her one of the great "female badasses" of early gaming along with Samus, Lara and Chun-li (among others).
And yet I know that if she is done today, they will either double down on her "badass" as if she cant be vulnerable once and dependent on her male co-workers like anyone realistically would...or make her into current Lara Croft, lacking the determination and "takes no shit from evil" attitude Aya had to make her "realistic"...because realistic is what I want from mah vidyas...