I bought the first game because it was designed by one of the central masterminds begind Silent Hill 1, but good fucking lord, what a completely unfun, unrewarding game for me. I love the SH games- not because they are 'giggle my nuts into numbness' fun, but because of the stories, atmospheres, and ease of gameplay (tank control jokes aside). SIREN had none of these for me. I appreciated that it had that kind of 'deep atmosphere, independent horror film' type feelings, but I just did not have any enjoyable memories of the game. I also hated how the story was set up- goddamn confusing.
I'll be staying away from the sequel... regardless of this current Silent Hill drought.