Borderlands 3 Apparently not in Development
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Considering his track record, I'd take Gearbox CEO Randy Pitchford's word with a barrel of salt, but it's still worth noting that he told Polygon that Borderlands 3 is currently not in development. According to him, the team wants to work on it, but hasn't decided what to do with it yet:
"We are not working on Borderlands 3," he said during an interview last week. "That is unqualified. We have more to do in the franchise, but no there isn't a Borderlands 3."
And it isn't a question of semantics, that they're working on a sequel that isn't a sequel. Put simply, Gearbox doesn't have time right now to develop a new Borderlands.
"When you think of what Borderlands 3 should be, it should be massive," Pitchford said. "It should be bigger and better than Borderlands 2. It should carry forward the story. It's probably crazy multiplatform, depending on timing. It would have to be a next-gen game and a current-gen game, if it was coming at any time in the reasonably near future.
"We love Borderlands, and we know customers do too. So we will be doing more in Borderlands. But the thing that, when you think of what Borderlands 3 should be... No. We are not developing that right now. We don't know what that is yet. We can imagine what it must achieve, but we don't know what it is yet. I'm not going to fuck around with you like Valve does with Half-Life 3. Look. We know we want it and we know it should exist, but we don't know what it is yet. But we are doing things in Borderlands that we'll announce soon, that are good, and that I think people will be really excited about if you love the franchise."
Spotted on IGN.