Resident Evil: Operation Raccoon City.
It's very different from the previous RE games as it's being developed by Slant Six games, who made SOCOM: US Navy Seals Confrontation.
According to wikipedia:
The game takes place during the events of Resident Evil 2 and Resident Evil 3: Nemesis, and is set in Raccoon City, whose residents have been turned into zombies after an outbreak of the T-virus, a biological weapon illegally developed by the pharmaceutical company Umbrella. The story is a reinterpretation of the events occured in the original games, changing certain facts in the series. Players will take the role of either an officer of the Umbrella Security Service (USS), or a member of a United States Special Operations task-force. Both have vastly different objectives: Members of the USS are tasked with destroying evidence of Umbrella's illegal activities, including killing survivors of the outbreak, while the Special Operations team has to expose the actions of the company. Operation Raccoon City will allow the player to make decisions that could have major repercussions on the series' storyline, such as causing the death of Resident Evil 2 protagonist Leon S. Kennedy.
There are four playable characters in the game, Vector, Spectre, Beltway, and Bertha. Each have their own unique abilities. For instance, Vector is equipped with a cloaking ability. Alongside the single-player mode, the game will also offer four-player co-operative gameplay, which pits the USS against the US Special Operations task-force.
According to artwork and gameplay, the Mr. X Tyrant and Nemesis have been confirmed as being in this game.
Here's a link to actual gameplay footage.http://www.youtube.com/watch?v=CWD6Z5E5bAk
So what do you guys think? Good move, or will it be a disaster like the revamp of Devil May Cry?