A lengthy overview of Final Fantasy IX has been posted on Square Enix's official Youtube account. It's all in Japanese but you can still see the game in action.
Gathered from the video posted below, it seems like the title will support cloud saving and all FMV cinematic will be kept in their original 4:3 ratio.
The framerate takes a hit in combat so we may still have to wait a little while for its release.
If you've never played Final Fantasy IX, it's one the Playstation 1's most beloved RPG.