So, At The Very Least We Know That Versus XIII Will Have A World Map.

There'll also be airships with which you can use to travel around said map.
[quote]
“Not everything is connected together, so the various areas have different levels of progress. However, you can fly across the world map in an air ship.”</blockquote>

What happens when you fly to a specific location is still totally unknown. The game's been pretty much under-wraps for a good while now. Whether E3 will bring any new surprises — we'll have to wait and see, but it's not looking good.