I mean, if I think of it as an unbiased consumer, I am very annoyed at the fact I'm having to pay for FFVII three or more times because they decided to break it up in to pieces.
...But if I look at it as an FFVII fan and see what they're doing with the installments, I like what I see and if the game is fun with an interesting story, well done characterization, dialogue, and enough content to occupy my time, I will be satisfied and able to enjoy it.
Which is what I've seen from the promotional info to even the spoilers.
The only issue I have is the wait, and if the game can come out in a timely manner (which Kitase even said they've already started on Part 2) then I won't be bothered. I only want them to get it right. No development hell ala Versus XIII, and no hollowed out amusement park set pieces ala KH3. I want them to nail the landing the first time, not have to build up to it. If it means waiting a month, then I'll wait a month.
Ideally, the FFVII Remake project should not be longer than 5 years. It should not overstay its welcome, so to speak.