not really.
We're only saying that the 4 pairs of the corners (0, 0), (0, 2), (2,2) and (2,0) make a set, and that set is a subset of the R2 X R2 X R2 X R2.
So, think of it like this. R2 is the (cartesian) set comprising of all pairs of real numbers. R2 X R2 X R2 X R2 is a (cartesian) set that comprises 4 pairs. So, our set of corners are a subset of this. That's all we're saying by this.
To give an example, let's forget that R is a set of reals and for our convenience say R = {0,1,2}
R2 = {(0,0), (0,1),(0,2),(1,0),(1,1),(1,2),(2,0),(2,1),(2,2)}. Note that there are 9 elements in this.
Now, R2 X R2 X R2 X R2 will have 9 * 9 = 81 elements in it. I'll not even start to write, because there're so many.
Obviously, now, the 4 pairs of squares are part of the 81-element set.