Nah, PuffPals has been in development for a while now. There's even plushies that have been available for the last few years, they're a part of Fluffnest.
Even then, the game itself is more of a farming simulator and is likely inspired more by Animal Crossing or Story of Seasons than Pokemon will ever be.
been looking forward to this, might be one of the couple of games i actually buy a year lol