So yeah, Shinji Mikami is bringing back survival horror. So far from the reports, this game will have limited ammo, so don't get trigger happy, an ever changing environment, such as random walls spouting blood, or trees coming to attack your ass, and also has traps which can be turned against your enemies.
Frankly, I'm giddy as fuck for this game. Shinji going back down to his roots makes me so flipping happy.