In an interview with Geoff Keighley on Twitch (via Shock Till You Drop), Hideo Kojima revealed that there may be a reboot of the Silent Hill series in the works. Kojima said he was approached by the Konami president in 2012.

At the time, he said: "Honestly, I'm kind of a scaredy-cat when it comes to horror movies, so I'm not confident I can do it. At the same time, there's a certain type of horror that only people who are scared of can create, so maybe it's something I can do. I'd love to help it continue, and if I can help by supervising or lending the technology of the Fox Engine, then I'd love to participate in that respect."

When asked about it in the interview, he replied: "A guy that is such a chicken and is so easily scared [Referring to Himself] – making a scary game – I'm very confident that something horrifying would come out from that. But on the other hand I would have to prepare myself to have nightmares every single day. Hopefully sometime in the future I'm able to work on this, but I would really need to prepare to have daily nightmares."

Read more at http://www.411mania.com/games/news/316320/Silent-Hill-May-Get-Rebooted-By-Hideo-Kojima.htm#xBMOV62rK3BIeQLi.99

Never played one of these games but I know for sure if he does make them, prepare for the most complicated storyline known to man.

If there is a reboot, all I ask is that each character has their own fears/enemies.

That's the whole thing about Silent Hill; it's different to everybody. So for other games (and the movies -_-) to have Pyramid Head is annoying.

I love Silent Hill. I've played most of them.

Unlike Resident Evil, it stuck to its horror roots.