https://twitter.com/tvsmatthackney/status/592177537427447808
If you haven't been keeping up with the whole ordeal, Hideo Kojima and Konami had some unspecified falling out, and as a result, he will be leaving Konami after The Phantom Pain is released. He was originally slated to be working will del Toro on a new Silent Hill game, but as a result of the whole issue, many thought it wouldn't happen. It seems our fears have been confirmed, however.
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Thought it was dead when Kojima left. Oh well, that's a shame.