After firing Hideo Kojima, it appears that Konami has cancelled his Silent Hills collaboration with Guillermo del Toro.
The news came from the San Francisco Film Festival where del Toro was giving a Q&A and was asked about the game. He stated it would not be happening:
This news comes after Konami stated that despite them firing Kojima and shutting down Kojima productions, their deal with del Toro stood. The game was teased in a “Playable Teaser” on the PlayStation Network that ended with a clip showing that The Walking Dead’s Norman Reedus would be the star in the game.
Just this week it was revealed that Konami would be delisting PT from PSN, meaning that anyone who hasn’t already downloaded the demo wouldn’t be able to in the future. With the news that the game isn’t coming out, that delisting now makes sense.