The Silent Hill franchise defined survival horror games with its first few entries on the PS1 and PS2. In fact, some would even say that Silent Hill 2 is one of, if not, the best game in that genre.
The creepy, mind-bending narratives stuck with players for years to come. This is even true for the demo for the canceled Silent Hill entry, P.T.
If anything on the level of P.T. gets released as a true sequel in the series for next-generation consoles, fans would absolutely lose their minds in the best way possible. Because of that, rumors of new entry have stalked the series for years, and iconic villain Pyramid Head has even made a recent appearance in Dead by Daylight.