Gargano vs. Cole III has been officially announced for TakeOver: Toronto II. The rubber match will be a 2 out of 3 falls match in which Gargano and Cole each pick a stipulation for the first two falls while William Regal, if the match goes past the first two falls, will pick the stipulation for the third fall.
Their matches at the last two TakeOver events have been fantastic, legitimate MOTY contenders no matter which way you slice it and I've little doubt the third match will be as well. Now, this match will almost certainly go all three falls though it's also possible NXT might throw a bit of a curve and have the winner take two straight falls but it's unlikely; not as unlikely as the sun not coming up tomorrow but pretty damn close.
In any event, I think Cole will retain here and we'll soon see Johnny Gargano finally make his way to the main roster. It'll definitely be bitter sweet as Gargano has been the heart & soul of NXT for a long while and has set standards of excellence for the black & gold brand. On the main roster, Gargano will have an opportunity to perform on a much bigger stage and bank some serious money but with the main roster's creative process being more of a crapshoot than it's ever been, there's a real chance we won't see anything from Gargano remotely approach the greatness we've seen from him in NXT; that's something that's been more common with NXT call ups the last few years.