Yes, OP is correct. I just bought RE HD and put it away after 30 minutes. I just couldn't take the old fashioned and slow gameplay, lack of checkpoints and a tiny inventory. It is just dull and boring.
Resident Evil 4 paved the way to a modern RE game, RE5 was by far the best in the series, and also introduced coop which is a huge plus in my book. Revelations was good as well, and I'm looking forward to Revelations 2.
I will most likely never return to continue RE HD, as I don't want to battle fixed camera angles and the inability to pick up health if I need it.