Please be an evolution of the PT experience. A Silent Hills by any other name is just as sweet.
It has to be this. He's stated that he wanted to work on horror for quite some time. In MGS V,
Mission 43 had a pretty horror-ish vibe
I've told my friends multiple times that if he should work somewhere, it would be Sony, given the hints (Cerny, and everything). I don't care about "Silent Hills" as an SH game (even though it's my favourite horror IP and SH2 is the best s-h to date), I just want him to make the horror game he was willing to make out of SHs.
Both Konami and Sony having a dormant horror IP, I would have thought that he would make his game under the Siren IP (Forbidden Sirens?), but really, whatever the title, I just want his horror game, preferably with Junji Ito and Guillermo del Toro on board (and Yamaoka for the sound track if at all possible).