Gearbox is only publishing Godfall. The dev team is Counterplay Games. Their resume is a dead (no updates in 2 years) F2P digital card game, Duelyst, and having employees that worked at other studios. They also only have 75 employees, which is likely not enough to make regular content if it is a looter game.
I'm not saying the game will be bad, but I'm keeping low expectations.
It's also coming to PC via the EGS so if you already have a capable PC then that's a much cheaper way to play it.