You are right that in modern information theory exact precision on a continuum is physically impossible (for others: as we continue to subdevide the precision we require more bits of information, which has known physical limits).
But what I think the other posters was getting at is that if the universe runs on a machine that is not bound by those rules, say rules where arbitrary precision on a continuum can be stored as a value (which again violates physicality as we know it but such a machine is "outside" the universe so physicality is moot already), then that is possible.
Which is to say the universe is a machine which can compute things a Turing machine can't (a Turing machine can compute everything that can be computed that we are aware of, ergo if the universe can compute things it can't then the assertion being made - albeit somewhat clumsily - is that the universe doesn't follow the asserts we know).