Borderlands 3 Is Next-Gen Exclusive

The next Borderlands game will not be coming to Xbox 360 and PlayStation 3, 2K has confirmed. Speaking during parent company Take-Two's financial call last night, 2K president Karl Slatoff said that the next Borderlands game will be built specifically for next-gen consoles.

Looking further ahead, we have robust long-term pipeline of titles in development, including ground-breaking new intellectual properties and new releases from our proven franchises. For example, we can confirm that 2K and Gearbox Software will develop an all-new Borderlands game built specifically for next-gen consoles.
— Karl Slatoff

Gearbox is in the early stages of development on Borderlands 3. When they announce more, we'll be sure to let you know.