There is a cover system, but it's very rudimentary.
Unlike RE4 when the only projectile-enabled enemies were the fat guys with the chainguns, you've a LITTLE more variety this time. Enemies with machine guns have a laser sight equipped so you can see where they are aiming.
In the handful of situations when you face these guys, you'll have walls you can hide behind. Context sensitive commands come up reading 'take cover'. From there, you pull the Left Trigger to lean out. It doesn't add much to the game at all.
As for the 'COVER' next to Sheva's name in the HUD, I still don't know how it works or what it is supposed to do. I am almost done with the game, and I don't know how, when or where that 'cover' is ever supposed to change. It's certainly not part of the cover system or related to hiding mechanics.







