It seems every few months the rumor crops back up that Hideo Kojima is working on a Silent Hill game as a PlayStation exclusive. While this has been contradicted by other reports claiming that Kojima is making an Xbox-exclusive horror game, it's popped up yet again. Whether or not there's any truth to the rumors remains to be seen, but this latest rumor comes from a reputable publication as opposed to a random Internet poster.
Gematsu claims that it has heard from its sources that a new Silent Hill game is in development at Kojima Productions, and that the game is being funded by Sony. This lines up with some previous reports about the supposed Silent Hill game, but as previously mentioned, contradicts other rumors about what Kojima Production is working on and what the future of the Silent Hill franchise looks like.
This rumor has bubbled to the surface numerous times over the years, with some variations on it each time. Sometimes the claim is made that Hideo Kojima is making a Silent Hill game, and other times the rumor is that a completely different studio is working on a new Silent Hill game instead, like Sony's Japan Studio. Sometimes the game is funded by Sony, but other times Sony is not involved. Sometimes the game is a Silent Hill remake, other times it's a completely original project. The truth is probably somewhere in the middle, but fans won't know for sure until an official announcement of some kind is made.
What is clear is that Konami is bringing back Silent Hill, it's just unclear exactly what form that would take. Multiple insiders and publications have indicated that Konami has more than one new Silent Hill game in the works, so it's possible that one of them is a Hideo Kojima-directed project funded by Sony, as the rumors suggest. However, fans should take any news about a new Silent Hill game with a grain of salt and keep their expectations in check.
If a new Silent Hill game is in the works from Hideo Kojima, it's possible that it could be announced sooner rather than later. Kojima is a consistent presence at Geoff Keighley-hosted events like Summer Game Fest and The Game Awards, and the latter is known for its big world premiere reveals. It stands to reason that Kojima would want to announce his next game at The Game Awards, though that's just speculation at this time. While The Game Awards will certainly have world premiere reveals, nothing official has indicated that Kojima will have anything to announce at the show.
Silent Hill isn't the only Konami franchise mentioned in the latest leaks and rumors. According to the reports, a Metal Gear Solid 3 remake is also in development, alongside a reboot of the Castlevania franchise. Time will tell how truthful these rumors are, but where there's smoke, there's fire.
Silent Hill is rumored to be in development.
Source: Gematsu