Its just a push and pullback. There are people talking about P.T like its Second Coming of Christ in horror genere. Its not. Its done pretty well and all. I guess some people see talking about its like its greatest thing ever and they need to say opposite for the balance.
It did not scare me and I believe Silent Hill does not need monster suddenly popping out and running towards you. First time we were seeing Pyramid Head in Sh2 he was just standing behind bars and staring at us. Thats the thing that made Sh different from Resident Evil and all other games.
If you feel you need it then just get it. I'm in similar financial situation to yours (saving money) and I feel no need of getting it since there are no games for me and nothing I'm interested is coming out any time soon.
Now it looks like GameSpot will be just a place to host all their Twitch stuff or something. I'm pretty bummed about it since I have enjoyed most of the content. Hope fired people will find better jobs soon.