Step 1: Write in terms of sin squared
$\sin^{2}\beta=2\sin^{2}\alpha$, and $\cos^{2}\alpha+\cos^{2}\alpha+\cos^{2}\beta=1$ gives $\sin^{2}\beta=2\cos^{2}\alpha$.
Step 2: Equate
So $2\sin^{2}\alpha=2\cos^{2}\alpha$, i.e. $\sin^{2}\alpha=\cos^{2}\alpha$.
Step 3: Solve
Using $\sin^{2}\alpha+\cos^{2}\alpha=1$, we get $\cos^{2}\alpha=\frac{1}{2}$.
Final Answer:
Hence cos squared alpha equals one half.
\[ \boxed{\text{(A) }\dfrac{1}{2}} \]