Honestly I loved the P.T. teaser but I fear for the whole game.
Neither Guillermo del Toro nor Hideo Kojima are particularly skilful at handling subtlety or character depth, and even with as much fucked up shit that goes on in Silent Hill (particularly 2 which I think is probably the best one), the handling of emotional / psychological topics is surprisingly mature and smart, which pushed the games beyond other similar experiences in he genre.
the team seems to have the suspense building down ( probably the scariest first hour I've experienced in any game ), but I just hope they can deliver in the narrative depth area.
Really? I always think of 2 as the least scary, most tame entry in the series. I think there's a scene toward the very end of 3 that I couldn't even believe I was seeing. ( Mouth aborting a god in the middle of a church ).
I think 2 was the first entry into the series for a lot of people, and maybe that's why it's held in such high regard. I was completely disappointed by it. It did away with the cult, there was only one area that was scary, and the story felt so boiler plate to me at the time.
Narrative depth doesn't matter a whole lot to me when it comes to horror. The most effective horror I've encountered is the kind where you finish the piece (game, book, movie) and have no idea what just happened. You know there's a logic to it, but it's alien to you.
You seem to have a great idea of why people like 2 the most and why you don't. People love the narrative depth of its story, sets it above normal horror tropes of which stuff like the cult story are full of. You obviously don't. No need to speculate that its peoples first game in the series (i started from 1) or some nostalgia glasses thing, not everyone judges them all based on which was the scariest (probably 3 IMO).
I am a bit confused how you think 2 had a boilerplate story though, it is extremely unique to this day and the most unique in the series.