Yup, it looks to be the real deal. Ne-Yo is having sword fights according to this brother he is pictured with above :

After years of speculation and denials, it appears R&B singer Ne-Yo finally slipped up! This is a photo Ne-Yo took himself with a cameraphone. As you can see, the background appears to be an intimate setting in a home with dim lighting. Ne-Yo and his new girlfriend are chest to chest, she’s caressing his neck, and he’s virtually picking her up off the ground with a big grin on his face that appears to be saying “Yeah I’m gay but you’ll never find out because she looks like a woman!”
That’s right! The girl in the picture isn’t a girl at all! As a matter of fact, this transgendered escort doesn’t even have breasts! It’s a teen black boy with a weave!! I guess Ne-Yo got tired of people hounding him about his sexuality and with all the hoopla surrounding the topic I would imagine it was probably difficult for him to associate with guys to get his fill of D*CK so he found a quick fix.

Lord knows these trannies will say anything, but damn! It sort of makes sense now… about Ne-Yo crying and all. Say it ain’t so Ne-Yo! Say it isn’t so!!