We can "discover the early days" of the Final Fantasy franchise. The "all-new CG cinematic sequences" are the PSone remakes from FFV from SNES.
"The hugely popular and critically-acclaimed FINAL FANTASY V returns, with original fans and new adventurers able to indulge in a true gaming classic at home and on the move," reads the Square Enix press release.
Are you an excited Final Fantasy fan? "Players will discover the early days of renowned FINAL FANTASY gameplay features including the Active Time Battle system, mini quests, magic summoning and much more." Get that PS3 fired up!
<UPDATE: The publisher asked us to make the following correction: We recently announced Final Fantasy V for PlayStation® 3 and the PSP® (PlayStation® Portable) system via the PlayStation® Network featuring "all-new CG cinematic sequences exclusive to the PSN /edition". To clarify for fans of the series, this references the PlayStation One game which updated the original SNES version with new and exciting CG scenes. We are pleased that gamers can now rediscover the excitement of this classic title digitally and want to ensure there is no confusion regarding this particular version.>