The red contrasts very badly with the blue. Not a good combination.
Huh?
I'm not sure I get what you mean by "Squeeze it down"... But the font... I'm unsure of what to make the font. As for the colours, I was going for an opposite than Final Fantasy XIII, which was pinkish and white... REEEALLY bright, while Versus XIII has been more dark. What do you suggest for an extra colour?