Expectations... that we won't get it until after FF7R p2, that the graphics will be amazing, and that it'll try to correct common XV complaints (diverse and colorful cast, stronger fantasy or scifi elements, and at least an attempt at a better flowing story). Also that I'll get way too excited during its lead-up then inevitably be let down again lol.
My hopes/wants:
-Overall more fantastical character designs and settings (ideally more fantasy than scifi) & that it gets a touch more stylized/anime again and less realism heavy (like xii or xiii levels, those were perfect -- just with today's level of graphics)
-well designed, dressed, and characterized female characters (pls no cindys or "strong female characters *sits with a srs expression then pushes a gun away*")
-less jaggies and waayyy faster loading times omg xv was horrendous
-real time action combat
-lots of cut scenes, and at least a few with super fancy cgi
-legitimately explorable and interesting towns
I like the rumors I've seen about the XIV dude potentially working on it, so I hope that pans out. And I highly doubt they'll do this, but I'd love to see a photography mechanic like XV's be included again; that was one of the best aspects about the game.