Dusk Golem (leaked From Software and Capcom stuff in the past) mentioned that around two years ago Konami was taking pitches for a Silent Hill soft-reboot. This is interesting because it was around that time when Keiichiro Toyama (creator of Silent Hill, Siren and Gravity Rush) got his new action adventure IP scrapped and then started to work on a horror game that he's been teasing heavily since then. Some will recall that Silent Hill 2 art director and Pyramid Head creator, Masahiro Ito, has also been teasing his involvement in the development of a new Silent Hill game via twitter during the last couple of weeks.
UPDATE #1
A little later, Dusk Golem posted a twitter thread discussing what he heard about the new Silent Hill games:
UPDATE #2
There was also an article wrote by a site called
Rely On Horror that shared what their sources told them about Sony's and Konami's plans for the Silent Hill franchise, pretty much on par with what we've heard from Dusk Golem:
SOURCE: Rely On Horror
UPDATE #3
Dusk Golem posted a final tweet regarding the soft-reboot game: