The graphics are pretty good. Nothing that special, but fine. Reminds me of Eternal Darkness a bit.
For some reason I get the feeling this isn't your standard horror game though. I dunno if any new information has been released, but going off the images in those scans we got, it seemed to me like the monster was more misunderstood than terrible. I wasn't kidding with my Beauty and the Beast vs. Hunchback of Notre Dame comment.
Also, and I might be remembering wrong, but I don't think I've seen her holding a weapon yet.