Well, I'm not sure what to think. On one hand, I'm very hopeful for this game and a good bit of what I've heard sounds good... but a fair bit sounds not quite so good. Still, I'm putting confidence into Vatra here. As long as they avoid the movie-related pitfalls of Homecoming and keep the gameplay from feeling dated, we might have a winner.
But christ, am I the only person who actually liked Shattered Memories? Yeah, it was very far from a typical SH game, but I think that's exactly what the franchise needs right now. The rest of the games past SH4 have been riding the coattails of the vastly superior Team Silent games (plus unnecessary, out-of-nowhere and annoying fanservice), rather than insert the staggering amount of forethought and symbolism that the original developers put into the games with stories overall much more simplistic and less involved than the original games. However, Shattered Memories had an outstanding story every bit as cerebral as the original Silent Hill games with a great framing device and an incredible ending. It was far from perfect (namely the Nightmare Sections), but it managed to capture the same level of depth and vision that the original Silent Hill games had, all while creating it's own identity.