The Vatra Games developed PlayStation 3 sequel is due for release in the Winter, which we're assuming means early next year.
Some of the audio design in this trailer is great — Vatra seem to understand the psychological nature of the franchise. A prisoned protagonist certainly opens up plenty of potential for exploration. If Vatra can craft narrative even half as messed-up as Silent Hill 2, then this will be a fantastic game.
Our only disappointment with this trailer is the visuals. They look a bit messy. Here's hoping they get cleaned up before the game's release.