Square's first 'direct sequel' iterations of their Final Fantasy franchise was Final Fantasy X-2, the company taking the same direction again with Final Fantasy XIII-2, a direct sequel to 2010's (in the English speaking world) Final Final Fantasy XIII. Though unreleased, Final Fantasy XIII-2 is due out in Japan at the end of this year, with plans to release the game in the rest of the world going into 2012.
Square-Enix is yet to comment on the domain registration, and though their name doesn't appear clearly on the WhoIs profile, the registered owner names are well known covers for the Square-Enix company, indicating this is indeed a domain owned by them.
Will this amount to anything? Hard to say. Publishers often register domain names ahead of time, even when a game has yet to be green lit, to prevent others from taking the name before them. It's also possible Final Fantasy XIII-3 is a very real game, that we'll see announced in the not-too-distant future.
Only time will tell if this is the real life, or just fantasy.

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