I really wanted to be as blindly optmistic as some folks here. Really, I do. I want to believe they're following this format not so they cam streamline and sell a "best moments of FF7" kind of deal, but to actually be able to cover every single bit of content from the original. I want to believe character progress will carry over throughout the episodes and it won't be as limiting as it sounds. I want to believe there'll be a huge world to explore between dungeons and cities.
Most importantly, I want to believe there'll be a "Complete Edition" with the episodes compilled as a single game, without "to be continued"s or anything that'd suggest it was ever an episodic endeavor, and you can just play it as a single conhesive experience like the original. That'd be perfect and worth the trade off.
I sadly don't believe this is going to happen. Prove me wrong, Square.