If you're a Silent Hill fan like myself you'll be pleased to know that the upcoming Silent Hill 5 has been given the name Silent Hill: Homecoming and will be released in Australia as early as September on XBox 360 and PS3.
The development company involved is unfortunately a bit horrific; Konami has outsourced the creation to The Collective, the perpetrators of such titles as The Da Vinci Code and Mark Ecko's Getting Up: Contents Under Pressure. In my mind's eye I picture the franchise chained in their basement and only getting fed once a week. Sometimes when it cries they beat it with a stick.
We're also gettting the PlayStation 2 port of the underwhelming Silent Hill Origins in May, which removes one of the few remaining reasons to keep your PSP charged. It's entirely possible if you get Origins and Homecoming together they may add up to being almost a real Silent Hill game.