As long as Black Tusk is still working on it's new IP then I am absolutely fine with this.
The Gears of War franchise was my favourite exclusive series on the Xbox 360 so I'm happy to see it continue, Hopefully Microsoft does it right, unlike Judgement which a lot of people seemed to dislike (I never played that one)
I'm happy to see that there seems to be a nice mix of both old and new IP going into this gen on both PS4 and XB1 with old stuff like Gears, Halo, Forza, Uncharted and Infamous, Whilst also having new stuff like Sunset Overdrive, Quantum Break, The Order and DriveClub
It's always a shame to see a franchise completely vanish when a new gen comes since you want to see it on better hardware etc etc, But on the other hand new IP usually just brings a fresh feeling which makes it more interesting.