Nintendo owns this Franchise now.

^ Thank god they sped up the characters. That was one of my only problems with Fatal Frame 2. The story sounds good, and playing in a sanatorium sounds pretty creepy. Oh and the dev team saying it is the best in the series also sounds promising. I can't wait, and if the Japanese version has english sub titles, I'm going to import it.

Check these. Every time you acces to the page a little Pop Up video shows some of the gameplay WARNING SPOILERS.

http://wii.com/jp/creators-voice/zero/index.html#id=cv_zero_01_photo
http://wii.com/jp/creators-voice/zero/index.html#id=cv_zero_02_place
http://wii.com/jp/creators-voice/zero/index.html#id=cv_zero_03_chara
http://wii.com/jp/creators-voice/zero/index.html#id=cv_zero_04_light
http://wii.com/jp/creators-voice/zero/index.html#id=cv_zero_05_scene
http://wii.com/jp/creators-voice/zero/index.html#id=cv_zero_06_control
http://wii.com/jp/creators-voice/zero/index.html#id=cv_zero_07_hand

Here's some gameplay footage straight of MoonTube. I don't think it has been posted before.

^awesome vids alfredofroylan2 and Parokki

yes it is, many people want to get this game imported from japan but it wont work on US wii's

^ Freeloader, or Homebrew is what I will do if it turns out the game has english subtitles.

Very creepy, I easily will be scared with this game.

they should of also used the remote speaker to add ghost noises

Trailer Translation
daremo oboeteinai koto wa sanzai shinai koto ni naru no darou ka
(I wonder if the things that no one can remember aren't things that have simply become scattered?)
watashini wa chiisaikoro no kioku wa nai
(My memories of my childhood are gone.)
watashitachi ga kamikakushi ni attai-sen no koto wa nanimo omoidasenai
(We can't remember anything before our mysterious disappearance)
kasuka ni omoidaseru no wa... hitotsu no senritsu...
(I can faintly recall.... that one melody...)
ano hi... watashi wa koko ni tsuretekoraretanda
(But that day, I was able to bring someone with me)