Tokyo Game Show or TGS is an annual video game convention held in Chiba, Japan. It is considered a major industry event with considerable media coverage and industry attendance.
Del Toro talking about working with Kojima to make the PT demo and not about the actual Silent Hill game makes me worried that they've got nothing at the moment. Kojima saying that they're not even sure if it will be 1st or 3rd person pretty much confirms this suspicion.
I'm afraid I won't be playing Silent Hills for the next 4 years now :'(
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