If we're to believe 1UP, Square is heads-over-heels in love with the PSP. A deluge of titles is supposed to head to our favorite handheld, including remakes of Final Fantasy I & II. Although SCEA usually has a no-ports policy, it appears that this high-profile re-release may get greenlit for US release. Gamestop's website briefly showed a listing for the two ports for June and July, each retailing for $39.99.
While Gamestop doesn't have the most reliable release date information, they can be very good at accidentally revealing new games before they're officially announced. Remember Oblivion? This is probably a positive indicator that the games will receive an English release, but I hope that price is completely fabricated: there's no justification at all for a $40 price tag on an NES game remake.