I dont think this is a very fair comment to be honest.
Saying a company is crap just because they shut down a product that was a recreation of 'their' game without 'their' permission is exactly what I would expect if i was in their shoes.
The fact that the game is really well done only makes it worse. Square makes a lot of money remaking their older games and fans are happy to play them. Chrono trigger is a classic game - worthy of a remake, but to do it without the permission of square is just silly. If they have the talent - why not make an original game?
No, that is not the reason why I said that about Square Enix. SE are a crappy company, they have been releasing bad games since they have started. They have also destroyed the FF Franchise with the advent of FFXIII... I thought they learned from the horror that was FFX-2. However, SQUARESOFT was a great company with a tragic fate. I am not gonna get into details, because this is not what this thread is about.
Back on topic: Yeah, the game is REALLY well done, something that Square Enix cannot seem to grasp with their games. CT it's a game worthy of a true remake as is FFVII. Re-releases aren't remakes (they do have some true remakes though, like FFIII and FFIV), SE are too busy with their fancy graphics and to care about anything gameplay worthy or remakes, so I support what this guys were doing, it was even free. At the end of the day, SE do hold the rights to these franchises and they have the power to do as they please with them... of course given you get caught in time. You say it's silly that they did this without SE permission, but I think it's even sillier to pay SE for a game you aren't planning to sell. What WAS silly, was them advertising the game like they did. Did SE HAVE to do this? Nope, they just decided to cos the game was too good, much better than any "remake" they have ever done. Were they wrong? That's up to each person to decide and I decide they were. You, however, might think otherwise and that's fine!