In a recent Interview by GQ Uk's Sam White states that Todd Howard is half way through executive producing MachineGames' Indiana Jones: “They’ve got the whole Nazi killing thing down,” he says, “and they’re doing a really great job.”
Apparently he didn’t give a timeline, also because now is not the right time to do so given how focused Bethesda is on Starfield.
The game may be both first and third person