I'm sooo looking forward to the next Silent Hill games. I want them!
Silent Hill Zero/Origins is almost out. Even an a demo is out on the net; the blab on the freebie is its the full version but had the parts of the game locked. Thank god this Silent Hill on PSP, which i have :D. Here is the trailer.
Now as for Silent Hill 5, it really looks promising. Apparently, the franchise is now handled by a non-jap group; at least they'd be working hand in hand with Akira Yamaoka. He's the guy responsible for the series' great soundtrack. More details here.
Oh yeah, look at the gameplay clip. I loove the peeling walls.