GamePointsNow has the next game in the cooperative shooter franchise pegged as Borderlands: The Pre-sequel! (exclamation!). So, you know, Gearbox studio head Randy Pitchford wasn't technically lying when he said there was no Borderlands 3 in development.
The game is allegedly scheduled for Xbox 360, PS3 and PC, and it takes place in the five years between Borderlands and Borderlands 2. It's in development at 2K Australia and will feature four new playable characters. It's set on the moon above Pandora and the H-shaped space station that orbits the planet.