Get your speculating caps out, Nintendo is apparently reviving a 'very dead and buried game'.

[JEMC]

CaptainExplosion said:

StuOhQ said:
Ravenblade, Shadow of the Eternals, one of Factor 5's Wii projects.

Again, what's Raven Blade? And I don't remember Shadow of the Eternals.

It was the game Retro Studios was working on before it was cancelled and they started working on Metroid Prime

https://www.youtube.com/watch?v=vGwcNdUozlY

 

OT: I have no idea what it can be but, as others have said, Silent Hills doesn't sound very unlikely.