Kojima being let go in December from Konami.

I'm incredibly upset about losing Silent Hills. PT was a beautiful thing and it would have been, without a doubt, a great addition to the series if it hadn't been canceled Silent Hill in general keeps getting tossed from developer to developer, and so many have made a mess of it in recent years (though I admit, I did like Downpour, it just wasn't very scary) that SH fans everywhere were flipping out, so excited that someone who understood the whole atmospheric thing was finally going to revitalize the original spirit of the first few games...

It would've been beautiful. Very, very sad to learn it won't be happening.

gud nite, Hideous Kojima

It isn't really surprising that Konami would do that. They've been doing shady stuff for the last 3 years or so, probably even longer.