I've been told otherwise and I believe it. That's really all I can say about that, though.
I'll take your word for it then, considering Erren also agrees.
I don't doubt they'll get there, I just think they're a good way from it, thus the game won't be out for some time.
It doesn't matter to me either way whether it's target render. I've always been content waiting for Versus, it's not the only game I'm looking forward to. I'm happy waiting because I trust the project is in good hands with Nomura and Tabata, and that the more I wait, the more it will be worth it. The E3 trailer already demonstrates this. But despite my patience for Versus, I've still found this generation to be incredibly frustrating, as many PS3 games I was looking forward to have failed to fill in the gap left by Versus. Final Fantasy XIII and XIV were awful, Front Mission Evolved was awful, White Knight Chronicles was awful, Final Fantasy Type-0 remains unavailable, FFXIII spawned undesired sequels, A Realm Reborn absorbed the majority of Square Enix's development resources for three years, all for a game that isn't even a traditional Final Fantasy product that I expect to feature a playable cast of pre-defined characters. Instead, it's just an online service with a limited life span that only a niche portion of the fanbase cares about. Final Fantasy VII HD, Kingdom Hearts III, Beyond Good & Evil 2, and The Last Guardian all skipped the whole generation, Zone of the Enders 3rd was scrapped, Bloodmasque was scrapped for consoles, and worst of all to me, Metal Gear Solid: Rising, the only title where my excitement exceeded Versus was scrapped by Kojima Productions and suffered a fate worse than cancellation; outsourced development. MGR Revengeance was awful. At least on the bright side, I've never been a fan of Capcom and their IP aside from Okami. Massive disappointment avoided right there.
It hasn't been all bad of course. I loved FFXIII-2, and Lightning Returns looks fantastic despite my resent for the titular character. MGS4, NieR, Journey, Deus Ex HR, and Enslaved: Odyssey to the West were my greatest PS3 highlights. Team Ninja fixed Ninja Gaiden 3. And Drag-On Dragoon 3 is the title I'm most looking forward to right now. But I'll be damned to say the Japanese output for PlayStation 3 this generation hasn't been a huge disappointment for me.