Silent Hill had a great story, so SH2. SH3 was a nice game, too... But after Part 3 there was nothing, what's woth to have the name Silent Hill. I liked the idea with the appartement in Part 4, but the rest of the game wasn't scary. Homecoming, Shattered Memories and Homecoming were great mystery-survivals, but they failed as a classic SH game.
I haven't played the new demo of SH, but before I start to get excited about this, I want to see that it goes back to the roots. And btw: I hope it will be a 3rd person game, I dont like much of these first person games, except it is really well made...