This announcement and screenshot came from GoNintendo in tandem with Nintendo Power. I remember hearing something about this in the past, and despite it being announced on April Fool’s, every article I’ve found has pointed to it being real. The description says it is a reimagining of the original Silent Hill game for PSX and will rearrange the story, character appearances and plot twists depending on how you play the game. An interesting concept.
From the GoNintendo article:
“This is a reimagining of the first Silent Hill,” explains producer Tomm Hulett. “It’s not a remake or a port. That’s an important distinction. It really feels like a new [...]