I don't think even the programmers have a system that can run it at the maximum resolution and quality. Most games are designed to anticipate newer and faster hardware by having modes that use stupidly high amounts of processing power which don't exist at the time they were designed.
I also mainly play games as a short diversion. I try to finish them first properly but I usually end up playing a for a bit, getting bored and turning on the cheats.
I've yet to actually finish FF7 on the PS1! I got the buggy and then got really bored of the continual random attacks and haven't touched it since...
- Trevor