Another really good one that never saw release in North America is Project Zero 2: Wii Edition, which is a re-imagining of Fatal Frame 2 similar to how the current gen RE2 remake reimagines that game. It got an English language release in Europe and Australia/New Zealand, but Nintendo of America stupidly didn't localize it.
Oh man, that game is terrifying! I got this a couple of years ago and I agree, it is awesome.
Gameplay > Graphics
Substance > Style
Art Direction > Realism