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Speculation so far is that it will mirror what Battle.net does for blizzard(Uplay is to Ubisoft etc). A unified game launcher for their products.
Till we hear more info, I would suggest you don't presume it will be steamworks.
If any game uses Stemworks for DRM, as the more recent Bethesda games do (starting with New vegas I beleieve) then you install the physical disk and it will register with Steam automatically. Then you can download a digital copy if you lose the disk.
This does not work for every game on Steam. If you buy Mass Effect on disk you cannot then register it on Steam and get a digital copy even if Steam also sells it on the store. Mainly because that game was not deigned to use the Steam client as a form of DRM.
The general rule is that if it says on the package that it requires Steam to run, then you get a digital copy added to your library.
As I said, both New Vegas and Skyrim did this, so I believe Fallout 4 will as well.
I don't have the physical copy, but it gives you a steam code. I see no reason why they would create 2 different steam copies of FO4, and prevent one of them from downloading the first ~4-5GB
In short.. Very very likely yes.