NDAs are super common in the game industry. Most games have some kind of marketing/promotional schedule for when information is supposed to drop in order to build interest and excitement about the game's release, leaking can sabotage those plans and hurt or hinder the game's reception. This is the primary reason for signing the NDA. There are no real consequences to signing an NDA unless you really can't keep quiet about the things you're working on. If that's the case, you won't be working in the game industry for very long and are likely in store for some very scary lawsuits. You should be fine as long as you can remember to say "I can't talk about what I'm working on" or "It's a secret" - I've never had a person keep pressing me on what I say I can't talk about after I've said so.

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