From Joystiq
In the footage, which appeared to be an in-engine recording of gameplay from one or both of the current HD consoles, a male character resembling James Sunderland from Silent Hill 2 awoke from a public bench and began wandering the foggy, deserted streets of a suburban neighborhood. While the game’s title was not revealed, given the recent revisiting of the original Silent Hill in Silent Hill: Shattered Memories, a remake of the second game in the series doesn’t seem too far-fetched.
Yeah, sounds about right. I don’t think Shattered Memories sold exceptionally well but everyone I know who played it absolutely loved it. So a little work under the hood and I’m sure a remake of Silent Hill 2 would be pretty fantastic. Still not convinced it will sell well, but I don’t see how it could be worse.