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Will the upcoming overhaul of Final Fantasy VII be released in multiple parts? Sure seems like it.
Says a press release that was sent out tonight (bolded emphasis mine):
LOS ANGELES (Dec. 6, 2015) - During this past weekend’s PlayStation Experience in San Francisco, SQUARE ENIX® debuted a new trailer for FINAL FANTASY® VII REMAKE, the full remake of the award-winning role-playing game, FINAL FANTASY VII. The new trailer features the first CG scenes as well as gameplay footage. FINAL FANTASY VII REMAKE will be told across a multi-part series, with each entry providing its own unique experience.
We’ve got a query out to Square Enix for clarification on this, since it’s a bit vague, but that doesn’t leave much room for interpretation.
UPDATE (12/7, 12:21pm): Although Square wouldn’t go into too many details—and they wouldn’t say how many episodes FFVII REMAKE will be—they did send over this statement:
It means instead of concluding in one entry, multiple entries are being considered in development. Each entry will have its own unique story. As a gaming experience, each entry will have the volume of content equal to a full-sized game.

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You can reach the author of this post at jason@kotaku.com or on Twitter at @jasonschreier.
DISCUSSION
Consider how many years it’s taken Square Enix to plan and prepare to fuck this up.